Israel’s defence minister on Wednesday designated Iran’s central bank a “terror organisation”, saying the move was aimed at halting financing for Iran-backed militant groups, the day after a ceasefire between the two foes took hold.

Minister Israel Katz “signed a special order designating Iran’s central bank, two additional Iranian banks (and) an Iranian armed forces-affiliated company… as terror organisations,” a statement from his office said.

“Part of Israel’s broader campaign against Iran”, the move aimed “to target the heart of the Iranian regime’s terror financing system, which funds, arms and directs terror throughout the Middle East”, it added.

Iran and Israel agreed to a ceasefire on Tuesday, ending 12 days of tit-for-tat strikes between the longtime foes.

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