“This action targets individuals and entities involved in laundering and raising funds for Hezbollah’s finance apparatus through a range of companies and projects operating across the Middle East, Europe, and North America,” the US Department of State said in a statement.

By cutting off these financial channels, the US said it is taking concrete steps to curb Hezbollah’s ability to generate revenue for terrorist activities and to evade existing sanctions.

“Hezbollah’s reckless attack on Israel demonstrates once again that it prioritises terrorism on behalf of the Iranian regime over the peace and safety of the Lebanese people,” the statement said.

“Hezbollah continues to spend millions of dollars on terrorism, leaving Lebanese civilians to bear the consequences and depriving them of a normal life,” it added.

The department said that by targeting Hezbollah’s financial enablers, the administration is taking decisive action to disrupt the group’s ability to threaten the security of the United States and the wider Middle East.