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The United States and its allies will sanction Iran “in the coming days” for the attack on Israel

The US Secretary of the Treasury, Janet Yellen, said on Tuesday that the United States and its allies will sanction Iran “in the coming days” for the attack on Israel.

“We will take additional measures against Iran in the coming days,” he said at a press conference on the sidelines of the spring meetings of the International Monetary Fund (IMF) and the World Bank (WB), which are being held this week in Washington.

Yellen said that he will use those meetings, attended by the Ministers of Economy and Finance from almost the world, to coordinate a new round of sanctions against Iran.

“We never give details of the sanctions before announcing them. But in the conversations I have had, all the options to interrupt Iran’s terrorist financing are still on the table,” he stressed.

The head of the Treasury did not offer details about what sanctions they will impose on Iran the U.S. and its allies; but, asked by the press, she mentioned the possibility of increasing controls to prevent Tehran from bypassing the US sanctions they already thought about its oil sector.

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“Iran continues to export some oil. It is possible that something else can be done. I don’t want to advance anything about the sanctions that we could impose but, without a doubt, that is one of the areas that we could address,” he simply said.

In 2018, under the administration of Donald Trump, the United States again imposed sanctions on Iran’s oil sector and, since then, the Joe Biden Administration has tried to enforce those restrictions by imposing sanctions on companies from different countries that help Tehran export oil.

Despite these efforts, Iran continues to be able to evade US sanctions to export oil, China being one of its main customers.

The United States is studying with its G7 partners to impose more sanctions on Iran and designate the Iranian Revolutionary Guard as a terrorist group after the attack on Israel.

Several countries have already designated the Revolutionary Guard, a branch of the Armed Forces of Iran created after the Islamic Revolution of 1979, as a terrorist group.

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In 2019, the United States included the Revolutionary Guard on the blacklist of terrorist groups, while the Government of Canada said in January of this year that it was studying ways to include the Revolutionary Guard on its list of terrorist organizations.

For its part, the European Union (EU) is currently studying new sanctions against Iran to contain its drone and missile programs, according to the president of the European Commission, Ursula von der Leyen, on Sunday.

These efforts by the United States and its allies to promote new sanctions against Iran occur while several countries in the West have urged Israel to show restraint and avoid a strong military response to Iran’s attack, at the risk of triggering a large-scale war in the Middle East.

The spring meetings of the WB and the IMF that are held this week in Washington will bring together the world’s leading finance and economic ministers.

In addition, in parallel with those events, it is planned that there will be meetings of the ministers of Economy and Finance of the G20 and also of the G24, a group that brings together developing countries, including Iran.

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International

Three Killed, Four Injured in Shooting Near Seattle’s Space Needle

Three people were killed and at least four others, including a young child, were injured in a shooting near Seattle’s iconic Space Needle on Sunday, authorities said.

The shooting occurred during the annual Bite of Seattle food festival, held in one of the city’s busiest tourist areas. Police have arrested one suspect and are searching for a second individual believed to be involved.

Assistant Police Chief Tyrone Davis said officers responded to reports of gunfire at about 6:00 p.m. local time (0100 GMT Monday).

“Two individuals were shooting at each other,” Davis said, adding that investigators recovered two firearms at the scene.

Authorities confirmed that three people died as a result of the shooting. The identities of the victims have not yet been released.

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Washington Governor Bob Ferguson said members of the State Patrol’s SWAT team had been deployed to assist Seattle police with the investigation.

Seattle Mayor Katie Wilson described the incident as a “horrific act of violence.”

“Our focus is on those who lost their lives, those fighting to recover, and the families standing beside them,” Wilson said in a statement.

Susan Gregg, a spokesperson for Harborview Medical Center, said the hospital admitted four victims: a young child, a 23-year-old man, a 39-year-old woman and another woman whose age was not immediately known and who required emergency surgery.

According to police, the hospitalized victims are in stable condition.

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Witnesses told local television station KIRO that they heard multiple gunshots before crowds fled the festival area.

“At first I thought it was fireworks, and then everyone started running,” witness Nick Bate told the station.

Another witness told AFP that panic spread immediately after the shooting.

“We just started running. I didn’t even look to see where the shooter was. I just kept hearing the gunfire,” the witness said.

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China Accuses U.S. AI Firms of Using Chinese Models to Train Artificial Intelligence

China on Monday accused U.S. artificial intelligence companies of using Chinese AI models to train their own systems, escalating tensions in the technological rivalry between the world’s two largest economies.

In a statement, China’s Ministry of Commerce said it has evidence that “many U.S. artificial intelligence companies have distilled Chinese models during their research, development and training processes.”

Model distillation is a machine learning technique that transfers knowledge from a larger, more advanced model to a smaller and faster one, allowing it to perform efficiently while requiring fewer computing resources. The approach is widely used across the AI industry.

U.S. officials have previously argued that Chinese firms employ distillation on a large scale to unlawfully replicate proprietary American AI systems. Beijing dismissed those allegations, calling them unfounded.

According to the Chinese ministry, Washington’s accusations “lack both factual and legal basis, apply double standards in practice, and represent a typical act of AI hegemony.”

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“China will take all necessary measures to firmly safeguard its legitimate rights and interests,” the ministry added.

The statement comes days after a senior White House official accused Chinese startup Moonshot AI of secretly copying Anthropic’s most advanced AI model to develop its Kimi K3 system.

Moonshot’s latest model drew significant attention across the U.S. technology sector following its release, reigniting debate over China’s growing competitiveness in artificial intelligence.

Last week, U.S. Treasury Secretary Scott Bessent warned that Washington could impose sanctions on China as the administration considers restricting or banning foreign-developed open-source AI models, many of which are built using model distillation techniques.

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Costa Rica Seeks to Expand Extradition Law to Target Organized Crime

Costa Rican President Laura Fernández announced that her administration will submit a constitutional reform bill to Congress on August 3 aimed at expanding the legal grounds for extraditing Costa Rican nationals accused of serious crimes.

Under current legislation, Costa Rican citizens can only be extradited to face prosecution abroad for international drug trafficking and terrorism. The proposed reform would broaden that list to include a wider range of organized crime offenses.

Speaking before the Legislative Assembly while presenting a broader package of public security initiatives, Fernández said the proposal seeks to strengthen the country’s fight against transnational criminal organizations.

“We are going to expand the grounds for extradition to include serious crimes,” the president said.

The initiative would allow the extradition of Costa Rican nationals accused of financing drug trafficking or terrorism, money laundering, human trafficking, migrant smuggling, arms and organ trafficking, contract killings, organized crime-related homicides, cybercrime and cyberterrorism.

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“We will not stop in our national crusade against organized crime or in our relentless war against drug trafficking,” Fernández said.

A political ally of U.S. President Donald Trump, Fernández took office in May after campaigning on a promise to adopt a tougher stance against organized crime, which she has linked to the recent rise in violence in Costa Rica, a country long regarded as one of the safest in Latin America.

Costa Rica currently permits the extradition of its own citizens only for international drug trafficking and terrorism, following a 2025 constitutional amendment promoted by former President Rodrigo Chaves, who now serves as the country’s Minister of the Presidency and Finance.

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