On Tuesday, the U.S. Treasury imposed sanctions on Iran's central bank governor and an Iraq-based bank for funneling millions of dollars on behalf of Iran's elite revolutionary guards.
Besides Nasrallah and Qassem, the sanctions also target Mohammead Yazbeck, Hussein al- Khalil, and Ibrahim al-Amin al-Sayyed for their terrorism links, said the Treasury.
At the same time, the six Gulf members of the TFTC - Saudi Arabia, Bahrain, Kuwait, Oman, Qatar, and the United Arab Emirates - declared sanctions on another nine individuals and firms part of or linked to Hezbollah that were already blacklisted by the US Treasury.
"By targeting "Hezbollah's" Shura Council, our nations collectively rejected the false distinction between a so-called "Political Wing" and "Hezbollah's" global terrorist plotting", said Secretary of the Treasury Steven Mnuchin. As the Secretary General and head of the Shura Council, Nasrallah is Hezbollah's highest-ranking official and exercises direct command over Hezbollah's military and security apparatus as its supreme commander, including its involvement in the war in Syria. He has also managed "Hezbollah's" bank accounts. Since President Donald Trump announced the policy-shift on Iran, the USA has sanctioned the nation's central bank governor and an Iran-linked currency exchange network.
US President Donald Trump announced on May 8 that Washington was walking away from the nuclear deal and said he would reinstate nuclear sanctions on Iran and impose "the highest level" of economic bans on the Islamic Republic.
The latest U.S. sanctions came one day after the Treasury Department slapped sanctions on governor of Iran's Central Bank Valiollah Seif, alleging it had funneled funds to Hezbollah.
In particular, the black list includes the leader of "Hezbollah" Hassan Nasrallah and Qassem, and several members of the Executive Committee of the group.
Meanwhile, the new U.S. Embassy in Jerusalem has enraged the Palestinian Authority, as well as militant group Hamaz, which has ties to Iran and Hezbollah.
Recall that Saudi Arabia and its allies recognized the "Hezbollah" terrorist organization in 2016.