After Israel attack, US follows Hamas trail of money


Source: al-monitor.com al-monitor.com

Key Topics in this News Article:

News Snapshot:

November 2, 2023 You're reading an excerpt from The Takeaway, where we break down the latest in US-Middle East diplomacy. To read the full newsletter, sign up here. WASHINGTON — For Hamas, losing control of the Gaza Strip means losing its biggest source of revenue. The Palestinian militant group that attacked Israel on Oct. 7 was propped up for years by its main patron, Iran, a global portfolio of investments, and a network of private donors and financial facilitators. But since its violent takeover of Gaza in 2007, Hamas has generated vast sums through extortion and taxation in the impoverished...