Iran-backed Hezbollah of Lebanon has confirmed the death of secretary-general Hassan Nasrallah.
In a statement released on Saturday, Hezbollah vowed to continue its battle against Israel despite the loss of its leader.
France's Foreign Ministry announced on Saturday that, based on its information, Hezbollah leader Hassan Nasrallah was confirmed dead, after Israel said it had killed him on Friday.
"According to the information we have, Hassan Nasrallah, secretary general of Hezbollah, would indeed have died," the French Foreign Ministry said in a statement.
Iran's currency, the rial, has dropped 3.3% in value since last week, when Israel launched strikes against Hezbollah in Lebanon, raising concerns about a broader conflict involving the Islamic Republic.
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Iran's currency, the rial, has dropped 3.3% in value since last week, when Israel launched strikes against Hezbollah in Lebanon, raising concerns about a broader conflict involving the Islamic Republic.
The rial was trading at 612,000 to the US dollar on Saturday, compared with 592,000 on September 20, when Hezbollah began to suffer mass casualties as a result of exploding pagers and walkie-talkies. As Israeli air strikes intensified in Lebanon earlier this week and culminated in the reported killing of Hezbollah leader, Hassan Nasrallah, the rial dipped further.
Since 2018, when the US withdrew from the JCPOA nuclear deal and imposed sanctions on Iran’s oil exports and international banking, the rial has lost 15 times its value. In the past three years alone, it has depreciated by 50%.
This sharp devaluation has coincided with soaring inflation, now hovering between 40-50%, pushing tens of millions of Iranians into poverty and creating a potentially volatile public mood.
The Iranian government has been quietly signaling an interest in new negotiations with the West this month to reduce sanctions, but so far, the US and its European allies maintain that only a genuine change in behavior will lead to talks."
After the Israeli military said it had killed Hezbollah leader Hassan Nasrallah, Iran's Supreme Leader Ali Khamenei said from a secure location that Hezbollah is at the forefront the forces of resistance which will determine the fate of the region.
While Reuters cited unnamed sources as saying that Khamenei has been moved to secure location, the Supreme Leader issued a massage Saturday, calling on Muslims "to stand by the people of Lebanon and the proud Hezbollah with whatever means they have and assist them in confronting the ... wicked regime (of Israel)".
"Zionist criminals should know that they are far too insignificant to inflict any serious damage on the strong foundation of Hezbollah in Lebanon. All the resistance forces in the region stand alongside and support Hezbollah. The fate of this region will be determined by the resistance forces, with Hezbollah at the forefront,” he said in his message.
He added that "the Zionist regime had failed to learn from its year-long criminal war in Gaza" and was now repeating the same mistakes in Lebanon.
The Israeli military said on Saturday it had killed Nasrallah in an airstrike on the group's central headquarters in the southern suburbs of Beirut on Friday. However, uncertainty persists about the status of Hezbollah's leader as no official reaction has been made by the group or the Islamic Republic.
The Israeli military "eliminated ... Hassan Nasrallah, leader of the Hezbollah terrorist organization," Israeli army spokesperson Avichay Adraee wrote in a statement on X.
Later, in a briefing with reporters the IDF spokesman confirmed the killing of Hezbollah chief Hassan Nasrallah and added: "I want to say this very clearly—Nasrallah was one of the world's strongest and most influential terrorists, and one of the terrorists with the most capabilities in the world. He was a real threat, with the blood of thousands of people on his hands."
Government-controlled media in Tehran was simply repeating the news about the IDF announcement, while large banners were installed in the capital proclaiming “Hezbollah is alive.” There have been no explicit Iranian threats about a potential retaliation against Israel, although some hardliners have voiced the need for revenge.
