U.S. CENTCOM has reported that Iran-backed militias are sending money back to the IRGC to help with economic pressures following ongoing sanctions and a naval blockade. CENTCOM Commander Adm. Brad Cooper highlighted that Iran has lost $25 billion in oil revenue and that militia groups are withholding payments to support the IRGC. The situation has resulted in increased Iranian attacks on ships in the Strait of Hormuz, although the strait remains open for shipping.
Key facts
- Iran-backed militias are sending money to the IRGC to relieve economic pressure.
- The U.S. naval blockade has cost Iran $25 billion in lost oil revenue.
- CENTCOM has frozen $350 million in Iranian cryptocurrency.
- Iran-aligned militia groups are withholding payments to support the IRGC.
- The Strait of Hormuz remains open despite increased Iranian attacks.
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