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Security07:31 · Sep 6

Turkey Emerges as Key Hezbollah Financial Transit Hub

By דין שמואל אלמסUpdated Sep 6, 2026
Translated & summarized from Globes by baba
The story · English

Turkey has become a significant transit point for illicit financial transfers from Iran to Hezbollah in Lebanon, according to a report in Al-Hurra. This development is noted in the context of U.S. sanctions imposed in August on a network involved in moving hundreds of millions of dollars between Lebanon, Turkey, the UAE, and Iran. The network reportedly enabled Hezbollah to access foreign currency outside formal financial channels, aiding its economic survival despite U.S. efforts. A prominent figure identified in the network is Turkish businessman Yunus Alper Yilmaz, who allegedly uses exchange offices and bank accounts for large transfers, including funds from Iran's Quds Force. While the U.S. Treasury has sanctioned individuals involved, it has not commented on potential Turkish government involvement in the complex network.

Separately, Turkish media, particularly outlets aligned with President Erdoğan, are expressing concern over a burgeoning defense relationship between Israel and Greece. This includes a significant €3.1 billion deal for Greece to acquire Israeli air defense systems, such as Rafael's David's Sling and Spyder, and IAI's Barak MX. Turkish outlets like "Turkiye" highlight that the concern extends beyond interceptor capabilities to include advanced intelligence and early warning sensors deployed across Greece, Cyprus, and potentially reaching Israel, with Turkey situated within the sensor network's range. Meanwhile, "Middle East Eye" reports that the UAE may become Israel's next major defense customer after Greece, with ongoing U.S.-mediated discussions focusing on how Israeli air defense systems could assist the UAE against Iranian threats.

In a different development, the U.S. Air Force is accelerating efforts to replace its MQ-9 Reaper drones, which cost approximately $50 million each, due to significant losses in combat. According to Breaking Defense, citing U.S. Air Force officials, at least 45 Reapers have been lost since February, representing a quarter of the U.S. fleet. These substantial losses have prompted the Pentagon to launch a project for a "Mass Modular Aircraft" (MMA) to develop a more affordable alternative. U.S. Air Force Lieutenant General Christopher Niemi acknowledged that current budgets and constraints make acquiring large numbers of MQ-9s impractical, and no suitable MMA-style drone is currently available.

Read the original at Globes
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