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Iran-Backed Groups Sending Money to IRGC Amid Economic Pressure, US Says

CENTCOM said U.S. pressure has forced Iran-backed groups to return funds as Tehran struggles to pay troops and workers.

  • On Friday, CENTCOM Commander Adm. Brad Cooper revealed that Iran-backed groups including Hezbollah, Hamas, and Shia militias in Iraq are sending money back to the Islamic Revolutionary Guard Corps to relieve economic pressure after nine months of war.
  • United States initiatives have severely strained Iran's economy; the naval blockade cost Iran $25 billion in oil revenue while the Treasury Department froze around $350 million in cryptocurrency assets to hinder weapons production.
  • Cooper attributed increased ship attacks in the Strait of Hormuz to "desperation" within the IRGC, though the waterway remains open with 400 ships and 100 million barrels of oil transiting last week.
  • President Donald Trump stated on Thursday he would possibly use the "Mother of All Bombs," or MOAB, in future strikes against Iran, despite earlier indicating he would delay military action until after the November midterms.
  • While the White House and Qatari mediators await Iran's response to a United States counterproposal, Iranian President Masoud Pezeshkian claimed on Friday that the Islamic Republic "will not bow to coercion" amid the ongoing conflict.
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Axios broke the news in Arlington, United States on Friday, October 16, 2026.
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