• العربية
  • فارسی
BrandBrand
  • Iran Insight
  • Politics
  • Economy
  • Analysis
  • Special Report
  • Opinion
  • Podcast
  • Live TV
  • Iran Insight
  • Politics
  • Economy
  • Analysis
  • Special Report
  • Opinion
  • Podcast
  • Live TV
  • Theme
  • Language
    • العربية
    • فارسی
  • Iran Insight
  • Politics
  • Economy
  • Analysis
  • Special Report
  • Opinion
  • Podcast
  • Live TV
All rights reserved for Volant Media UK Limited
volant media logo

Iran funds Lebanon war families despite economic pain at home

Dec 5, 2024, 16:59 GMT+0Updated: 12:14 GMT+0
Hezbollah leader Naeem Qassem delivers in a televised speech on Thursday
Hezbollah leader Naeem Qassem delivers in a televised speech on Thursday

Iran has funded the bulk of aid distributed to Lebanese families affected by a 14-month war between Israel and the country's Tehran-backed militia Hezbollah, the group's leader said, even as an economic crisis festers inside Iran.

A total of $77 million has been earmarked for almost a quarter of a million families, Naeem Qassem said in a televised speech on Thursday, adding that most of the funds came from Iran.

Families whose primary homes have been destroyed would eventually be paid $8,000 as compensation and between $4,000 to $6,000 for temporary accommodation for a year, depending on where they live.

"We thank the Islamic Republic of Iran, led by Imam Khamenei, the state, the people, and the blessed Islamic Revolutionary Guard Corps for providing this generous support in the displacement process," Qassem said.

Hezbollah was formed by the IRGC in 1982 and joined a war between Israel and Hamas a day after the Palestinian group launched the deadliest attack on the Jewish state in its history on October 7 2023.

Israel escalated the conflict in September, killing Hezbollah's leader Hassan Nasrallah after maiming hundreds of mid- and senior-level commanders by planting explosives in their communications devices.

Hundreds of air strikes pounded Hezbollah's centers of popular support mostly within majority Shi'ite areas of south Beirut and the country's south. Lebanese authorities say more than 3,960 people were killed, many of them civilians.

Meanwhile in Iran, decades of US-led sanctions and economic mismanagement have sent costs soaring while the currency has plumbed multi-decade lows.

Labor and cost of living protests swept Iran earlier this month as nurses, emergency personnel, retirees, and public transportation drivers picketed, expressing dissatisfaction with government economic and social policies.

Iran’s president Masoud Pezeshkian warned of depleting foreign currency reserves in a televised address on Monday and earlier warned of an "economic abyss" due to shortages of water, electricity, and natural gas.

Most Viewed

Iran's Revolutionary Guards unveil new underground missile site
1

Iran's Revolutionary Guards unveil new underground missile site

2

US moves aircraft out of second British base over Iran threat - WSJ

3

Iran picks another IRGC general as new Iraq envoy: who is Mesgarian?

4

Iran arrests several in hijab crackdown on popular Tehran street

5
ANALYSIS

Trump’s Iran diplomacy faces a test: Can both sides claim victory?

Banner
Banner
Banner
Banner
Banner
Banner
Banner

Spotlight

  • Trump wants to keep Iran blockade. Can the Persian Gulf sustain the standoff?
    INSIGHT

    Trump wants to keep Iran blockade. Can the Persian Gulf sustain the standoff?

  • Iran state TV debate signals cautious openness to nuclear talks

    Iran state TV debate signals cautious openness to nuclear talks

  • The price Iranians paid for 47 years of revolutionary promises
    ANALYSIS

    The price Iranians paid for 47 years of revolutionary promises

  • Trump’s Iran diplomacy faces a test: Can both sides claim victory?
    ANALYSIS

    Trump’s Iran diplomacy faces a test: Can both sides claim victory?

  • We argued about US midterms until someone mentioned rent
    TEHRAN INSIDER

    We argued about US midterms until someone mentioned rent

  • Oil prices or US prestige? Tehran analysts weigh Trump's next move
    INSIGHT

    Oil prices or US prestige? Tehran analysts weigh Trump's next move

  • Iran acquires oil facilities in China to bypass US sanctions, leaked document shows
    EXCLUSIVE

    Iran acquires oil facilities in China to bypass US sanctions, leaked document shows

  • Iran’s northern routes test the limits of US bid to extend blockade overland
    ANALYSIS

    Iran’s northern routes test the limits of US bid to extend blockade overland