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Iran-backed militias reportedly funneling cash back to IRGC amid economic pressure

By PulseAugur Editorial · [1 sources] ·

Iran-backed militias are reportedly sending funds back to the Islamic Revolutionary Guard Corps (IRGC) due to severe economic pressure, according to U.S. CENTCOM Commander Adm. Brad Cooper. This financial strain, exacerbated by a naval blockade costing Iran $25 billion in lost oil revenue and the freezing of $350 million in cryptocurrency, is allegedly leading the IRGC to withhold payments to its own troops and public sector workers. U.S. officials believe this desperation is behind increased attacks on ships in the Strait of Hormuz, though the strait remains open. AI

RANK_REASON This item discusses geopolitical and economic pressures on Iran and its proxies, based on statements from a US military official, rather than announcing a new product, research, or policy.

Read on Axios Technology →

AI-generated summary · Google Gemini · from 1 sources. How we write summaries →

Iran-backed militias reportedly funneling cash back to IRGC amid economic pressure

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This item discusses geopolitical and economic pressures on Iran and its proxies, based on statements from a US military official, rather than announcing a new product, research, or policy.
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COVERAGE [1]

  1. Axios Technology TIER_1 English(EN) · Barak Ravid ·

    Iran-backed militias sending money back to cash-starved IRGC, U.S. says

    <p>Iran-backed militias in the region have been sending money back to the Islamic Revolutionary Guard Corps to relieve the economic pressure it's under after <a href="https://www.axios.com/world/iran" target="_blank">nine months of war</a>, U.S. CENTCOM Commander Adm. Brad Cooper…

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