Connect with us

Hi, what are you looking for?


US Blocks Iran from $6 Billion Fund After Hamas Attack

The Biden administration is preventing Iran from accessing the $6 billion the U.S. recently transferred after Hamas, an Iranian-backed terrorist group, launched a brutal attack against Israel, The Washington Post reported Thursday.

The Biden administration originally cut a deal with Iran to transfer $6 billion in previously frozen assets in exchange for five American prisoners.

The administration is now working with fund manager Qatar to hold up the $6 billion after Iran’s ally Hamas launched a wave of attacks against Israel on Saturday, killing over 1,200 Israelis and at least 25 Americans and kidnapping hundreds more.

Deputy Treasury Secretary Wally Adeyemo confirmed to House Democrats that Iran will not be allowed to access the $6 billion, noting that the money “isn’t going anywhere anytime soon,” according to Democratic aides who spoke to the Post.

Both Democrat and Republican lawmakers demanded the Biden administration refreeze the $6 billion transfer after the attacks began on Saturday.

Senate Minority Leader Mitch McConnell and Republican Sen. Tom Cotton of Arkansas announced legislation to refreeze the transfer less than 24 hours before the Biden administration made the decision to do so.

Iran is suspected of aiding and funding Hamas’ attacks against Israel, according to U.S. intelligence.

Iran views Hamas and Hezbollah as a proxy that it can use to commit terrorism on its behalf without having to get involved.

  • Scott says:

    Time to close the world to Iran and their pet nut jobs.

  • Trending Today


    The Rufini family’s peaceful life was shattered when a late-night FBI operation saw them hauled at gunpoint from their home and detained in a...


    Biden’s Department of Justice has slapped a whopping $700,000 fine on Covenant Transport Inc. and the affiliated Transport Management Services LLC, both stellar examples...


    A former gang member, who is currently incarcerated and has previously acted as an FBI informant, was charged on Friday with attempted murder. Derek...


    The Israel Defense Forces (IDF) revealed Saturday that it had found dozens of rockets in a private home in Gaza City underneath boxes labeled...