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Iran-backed militias sending money back to cash-starved IRGC, U.S. says

Adm. Brad Cooper said the groups are returning funds as sanctions and a naval blockade have cost Iran $25 billion in lost oil revenue.

Summary by BizToc
Iran-backed militias in the region have been sending money back to the Islamic Revolutionary Guard Corps to relieve the economic pressure it's under after nine months of war, U.S. CENTCOM Commander Adm. Brad Cooper said Friday. Why it matters: While the U.S. military has been preparing for a…

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(Seoul = Yonhap News) Reporter Im Hwa-seop = As the financial difficulties of Iran's Islamic Revolutionary Guard Corps (IRGC) worsen, proxy forces in the Middle East that have been receiving support from the IRGC...

·Seoul, Korea (the Republic of)
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There are reports that pro-Iranian militias in the Middle East are sending money back to Iran. US Admiral Brad Cooper said this in a video message.

·Apeldoorn, Netherlands (Kingdom of the)
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The specialized magazine "Sintcom" revealed that Iraqi armed factions finance rather than receive support from the Iranian Revolutionary Guards, reflecting a shift in the flow of funds between the parties. Reports indicate that these remittances are made through multiple channels and are part of a complex financing strategy in the region...

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Axios broke the news in Arlington, United States on Friday, October 16, 2026.
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