Iran-backed militias fund Revolutionary Guard

A report from the U.S. Central Command revealed that Iran-backed militias in the region are redirecting their funds to the Iranian Revolutionary Guard Corps (IRGC) to finance it, amid severe economic pressures on Iran resulting from a naval blockade and strict sanctions. Over the past few weeks, $350 million of Iran's funds have been frozen, while sanctions have caused $25 billion in revenue losses from oil exports. According to Admiral Brad Cooper, Iran is experiencing deterioration in salaries and pensions for its employees, and is intensifying its attacks in the Strait of Hormuz, even though the strait remains open. There is an increasing reliance on such attacks to influence oil prices amid a decline in American strikes. U.S. officials believe that Iran is avoiding responding to the American proposals to end the war and expect its aggression to increase after the midterm elections.

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