Israel designates Al-Qard al-Hassan as a terrorist organization
Israel Defense Minister Yoav Gallant announced Tuesday that he designated the Al-Qard al-Hassan finance institution -- which Israel alleges is a key financial vehicle for Hezbollah -- a terrorist organization.
"Hezbollah's bank is used to purchase weapons, pay the salaries of terrorists and keep Hezbollah's terror machine going," Gallant wrote in a post on X.
"Degrading Hezbollah's capabilities requires both a military and economic campaign," he added. "We are destroying the terrorist organization's ability to both launch and buy missiles."
Israel has been targeting Al-Qard al-Hassan infrastructure throughout Lebanon in recent days. The strikes have been especially fierce in Beirut, and particularly in its southern Dahiya suburb which is known as a Hezbollah stronghold.
-ABC News' Jordana Miller