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

Iran-backed militias are funneling money back to the Islamic Revolutionary Guard Corps (IRGC) to combat the economic strain caused by the nine-month-long war, according to a statement from U.S. CENTCOM Commander Adm. Brad Cooper. The U.S. military remains on high alert, anticipating potential resumption of major combat operations against Iran, while the Trump administration continues to exert pressure through a naval blockade and strict sanctions.

These measures have led to significant financial difficulties for Iran, straining its military and forcing Iran-backed groups like Hezbollah, Hamas, and Shia militias in Iraq to return funds to the IRGC. Despite the attacks, the Strait of Hormuz remains open, with substantial oil traffic, but U.S. officials are concerned that the rise in ship assaults could deter shipping companies, leading to reduced oil exports and higher prices.

The U.S. is awaiting Iran's response to a proposed counterproposal for ending the conflict, with regional mediators urging Iran to consider the potential implications of delaying its reaction until after the U.S. midterm elections.