Yellen says US set to tighten sanctions on Iran soon

Treasury Secretary Janet Yellen said the United States is likely to impose fresh sanctions on Iran in the wake of the Islamic republic's direct attack on Israel. Photo: SAUL LOEB / AFPUS Treasury Secretary Janet Yellen warned Tuesday of further sanctions targeting Iran following its unprecedented attack on Israel over the weekend, saying she expects Washington will take added action"in the coming days.

Months of war between Israel and Palestinian militant group Hamas in Gaza have triggered violence in the region involving Iranian proxies and allies who say they act in support of Palestinians in the Gaza Strip.But tensions have soared even higher with Tehran's first direct assault on Israel, in retaliation for a deadly April 1 strike on Iran's consulate in Damascus.

Yellen also outlined US priorities during the spring meetings, including deepening ties with allies and partners, and engaging with China on issues like risks from excess industrial capacity.Later Tuesday the Treasury chief convened a fourth meeting of the US-China financial and economic working groups, aimed in part at exchanging data to make headway on issues like excess industrial capacity.

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