Tikvah
Editors’ Pick

February 4, 2026

Hizballah’s Criminal Empire and How to Dismantle It

The terrorist group is weaker than ever. The U.S. and Europe must seize the opportunity.

With the Iranian regime hanging in the balance, it is only reasonable to ask what will become of Hamas, Hizballah, and its other terrorist proxies if it does collapse. Matthew Levitt, who understands as well as anyone how these groups are financed, believes that the Islamic Republic—despite the serious economic and military blows it has suffered in the past year—remains the primary supporter of both Hamas and Hizballah. But they have other ways of staying in business as well. In conversation with Haviv Rettig Gur, Levitt explains the Lebanon-based Shiite group’s global criminal enterprises, the efforts to stop them, and what more must be done to defeat Hizballah once and for all. (Video, 49 minutes. Audio available at the link below.)

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