World

Transit fares from New York to MetLife Stadium in New Jersey for World Cup matches will rise to $150, with officials citing costs not covered by FIFA, drawing criticism as other host cities kept prices lower for years.

April 17 (UPI) — An Irish man who allegedly laundered money and trafficked drugs and firearms throughout Europe was arrested in Dubai after officials in Ireland tracked him around the world.

Law enforcement officials in the United Arab Emirates said in a statement that Daniel Joseph Kinahan was arrested on Wednesday after a joint international criminal investigation, The Guardian and The Washington Post reported.

Officials from both Ireland and the UAE noted that the arrest comes after work in recent years to rein in “serious and organized crime.”

“The arrest comes as part of efforts to combat cross-border crime,” Dubai police said in a statement.

“The arrest followed the receipt of a judicial file from Irish authorities detailing the suspect’s alleged crimes and his involvement in an international criminal organization,” they said.

Kinehan is one of the leaders of the Kinahan Organized Crime Group and the founder of the MTK Global boxing management company.

In addition to Irish authorities, he was also being pursued by U.S. law enforcement because he was “believed to run the day-to-day operations” of the cartel, the Biden administration said when it announced sanctions against the group in 2022.

Officials in Dubai issued an arrest warrant after getting word from Irish authorities as part of a larger operation between Ireland and the UAE to stem criminal enterprises that operated in or through the two nations.

The report from Irish law enforcement had traced in him around the globe, including the use of fake names and other methods of avoiding arrest, and Kinehan was arrested within 48 hours of the the UAE warrant being issued.

Finding a revolutionary artist during cocktail hour at the opening gala of Los Angeles County Museum of Art’s new David Geffen Galleries was like shooting fish in a barrel.

Gaze over the rim of your glass to notice Jeff Koons and Ed Ruscha talking closely beside the DJ booth. Mark Bradford strides by with a beneficent smile — towering over everyone, including AI art maker Refik Anadol. Todd Gray, whose 27-foot-long photo sculpture “Octavia’s Gaze” graces the hallway near the building’s south entrance, chats with Wim Wenders, who is making a documentary about architect Peter Zumthor’s controversial new $724 million concrete behemoth. Zumthor is there too — in bright red sneakers — talking to LACMA director and chief executive Michael Govan before Govan turns to take a selfie with immersive installation artist Do Ho Suh.

Jeff Koons, left, talks with Ed Ruscha at the opening gala for LACMA’s new David Geffen Galleries on Thursday.

(Jessica Gelt / Los Angeles Times)

Lauren Halsey walks by in her distinctive white shirt, long shorts and ball cap, beset on all sides by friends and admirers.

“It’s beautiful, it’s fantastic,” she said of Zumthor’s creation.

It’s an artist’s world on this breezy evening, as the sun sets golden over the looming gray concrete of the building, and the lights that gird the structure’s underbelly flicker on and twinkle like stars overhead. In this milieu, Hollywood A-listers like Will Ferrell and Sharon Stone, who occupy separate cliques nearby, pale in comparison to the mingling artistic luminaries.

Architect Peter Zumthor, left, and Michael Govan attend LACMA’s opening gala for the David Geffen Galleries. Govan said he hopes the building lasts 500 years.

(Gina Ferazzi / Los Angeles Times)

“It’s ready for us,” Bradford said of the building. “It’s ready for artists. I walked in and I was overwhelmed with a space that was made for us, and I can’t wait for everything I can do.”

“Snazzy. Does the job,” said Ruscha, looking bemused and speaking in short bursts of headline-style phrases like one of his famous paintings.

Gray said he was glad to see his art during “magic hour,” noting how the setting sun shone warm through the building’s glass windows — diffused by textile designer Reiko Sudo’s chromium spattered curtains — to imbue his photo installation with a distinctive warmth.

“I’ve never seen it at dusk,” Gray said with a smile. “It was a totally different experience to see it at that time of day. And [the light was] actually yellow, so the piece changed … and the concrete warmed up because of that warmer light. It was a lovely chromatic experience, which is wonderful because then you’re aware that you’re experiencing something in a very particular space and time.”

James Goldstein, the owner of architect John Lautner’s famed Sheats-Goldstein Residence, which he promised as a gift to LACMA in 2016, agreed with Gray that the gloaming light was lovely.

“If it were up to me the curtains wouldn’t be closed,” Goldstein said, noting that the curtains in his home — which is also made of concrete and glass — are never closed, and that the views from the Geffen Galleries are extraordinary and worth leaning into.

Koons said the building, and the moment in time that defines its unveiling, has the potential to bring the world together.

“It’s an amazing evening for all these people that love and believe in the value of art and humanity to be together and to celebrate architecture,” said Koons, noting that he looks forward to showing his art inside the new galleries. “LACMA is a place that’s here for future generations and Peter’s building is amazing.”

Will Ferrell and Viveca Paulin were among the major Hollywood stars at the gala.

(Gina Ferazzi / Los Angeles Times)

Chatter about the building could be heard in every cluster of guests. One group talked about how striking it was to see ancient Greek sculptures juxtaposed against the rush of traffic along Wilshire Boulevard; another discussed their hope for more landscaping, noting that the concrete ground and concrete building begged for some lush greenery.

Govan basked in the limelight nearby, shaking hands and doling out hugs and back pats. His vision for the building has been 20 years in the making, and he’s faced an enormous amount of pushback, but the structure is here and his enthusiasm for it has not waned.

“I’ve just always imagined people in the building — it’s for people,” Govan said. “And I want it to last 500 years, I want those little drill marks to accumulate, I want change. I want this to be something that generations will care for.”

Zumthor also seemed deeply pleased with the moment, saying, “I’ve always been happy,” and emphasized that working in L.A. taught him to embrace a certain frontier-like lack of refinement.

LACMA’s staff was elated, especially those who have been watching the project develop for decades and absorbing the large amounts of criticism that have accompanied its manifestation.

Stephanie Barron, LACMA’s senior curator and modern art department head, said, “This is the first night with our art world colleagues and donors, and it’s thrilling to see how they are responding, and how they are a little confused, at first, about where to go. Then they realize, that’s the point of this — and they are just going with the flow and they are smiling and happy and looking at the art. It’s a game changer.”

“I’ve been here nearly 20 years and seeing this going from concept to reality has been the greatest thing,” said Tiffany August, associate vice president of LACMA’s people and culture department, which oversees human resources. “So much soul and heart and effort went into this.”

Arun Mathai, budget officer and head of finance, has also been with the museum for 20 years and said it’s exciting to finally be on the other side of the project. “To see it happen in such a beautiful way is very gratifying. The notion of no hierarchy, of wandering around and seeing art from all over the world, from all time periods beautifully juxtaposed, it’s just so enlightening,” Mathai said.

Michael Govan, left, Peter Zumthor, Holly J. Mitchell and Mayor Karen Bass attend the opening gala.

(Gina Ferazzi / Los Angeles Times)

Later, during a four-course meal of broiled oysters, tuna tostadas, braised Wagyu short ribs and berry meringue, various LACMA supporters, including board co-chair Tony Ressler; life trustee and major donor Lynda Resnick; and L.A. County Supervisor Holly J. Mitchell, whose district houses LACMA, took to the stage in a tent set up west of the new building to sing the praises of the Geffen Galleries — and to note that the evening’s dinner raised a record-setting $11.5 million. (The Geffen Galleries’ ongoing fundraising campaign now stands at $869 million.)

“This is a great, great example of what can be achieved when government and philanthropy work hand in hand for the public good,” Ressler said before thanking Govan for “taking bold risks.” “Your legacy is now permanently etched in the stunning galleries that will open to the public very soon.”

Mitchell was full of praise for Govan and Zumthor.

“The Geffen Galleries didn’t come to fruition overnight. And frankly, nothing that changes the status quo ever does,” Mitchell said. “To Michael, Peter, David [Geffen] and our dear Elaine [Wynn], thank you for your patience, because visionaries like yourselves often have to wait for the rest of the world to catch up with you.”

Resnick got a big laugh when she described her first meeting with Govan and his wife 21 years ago.

“An exquisite couple walked into [vice chair of the board] Bobby Kotick’s house. There was Michael Govan, a true intellectual, Zen thinker, movie star handsome, and under consideration to run LACMA. By the end of the evening, I was sitting on his lap feeding him peeled grapes.”

She concluded on a more serious note, calling the Geffen Galleries a “masterpiece of public art.” “Only one person in the world could have done all this with the signature elegance and his provocative style,” she said of Govan. “Generations will cross that bridge and watch the cars stream below, and feel the power of being embraced by art above all the gorgeous chaos of our city.”

After a standing ovation, Govan introduced musicians Sean Watkins, Gabe Witcher and T Bone Burnett, who sang — quite fittingly — “The Times They Are A-Changin.’”

April 16 (Asia Today) — South Korean tech company Naver is expanding its artificial intelligence capabilities with robots operating throughout its headquarters, as the firm ramps up investment in next-generation technologies.

At the company’s second headquarters in Seongnam, south of Seoul, robots are deployed across the building, which spans from a basement level to 28 above-ground floors. The facility has been described by the company as functioning like a “living laboratory” for AI and robotics.

About 100 service robots, known internally as “Rookie,” assist employees by delivering food, beverages and packages, as well as transporting documents. Workers can summon the robots through a mobile application and verify their identity upon arrival.

The robots are designed to move autonomously throughout the entire building. They can pass through security gates, use elevators and navigate between floors without human assistance, a capability that sets them apart from robots typically confined to a single floor or designated area.

“The ability for robots to use elevators and travel across the entire building is a distinctive feature,” a company official said, adding that the machines are positioned for easy access and operate based on time-specific tasks.

The robotics technology is being developed by Naver Labs, a research subsidiary focused on advancing automation systems. Inside the facility, various robots – including wheeled service units and bipedal machines – are being tested as part of efforts to build a broader robotics ecosystem.

A key component of the system is “ARC Brain,” a cloud-based platform that allows centralized control and coordination of multiple robots. The system is designed to improve efficiency by enabling simultaneous management of a fleet of machines.

“Improving productivity by having robots perform tasks traditionally done by humans is essential,” the official said. “That requires an integrated system capable of managing multiple robots at once.”

Beyond robotics, the company is also strengthening AI features in its core search business. It plans to introduce an “AI tab” following the rollout of its AI briefing service last year.

Naver reported record results in 2025, with revenue reaching 12.35 trillion won ($8.2 billion) and operating profit of 2.21 trillion won ($1.47 billion). Market forecasts suggest the company will post another record this year, with revenue projected at 13.41 trillion won ($8.9 billion) and operating profit at 2.45 trillion won ($1.63 billion).

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260416010005223

Iran’s Foreign Minister Abbas Araghchi and United States President Donald Trump have said that the Strait of Hormuz is open to commercial vessels.

Araghchi declared on Friday that the strategic waterwat was “completely open” in line with the ceasefire between Israel and Lebanon that took effect the previous day.

Trump affirmed on social media that the strait was open, later claiming that Iran had agreed to “never close the Strait of Hormuz again”. However, he also posted that the US naval blockade on Iranian ports would “remain in full force”.

In parallel, France and the United Kingdom hosted a meeting in Paris involving about 40 countries, which agreed to play a role in restoring freedom of navigation in the Strait of Hormuz once the US-Israeli war on Iran stops.

The blocking of tankers from using the strait, through which about 20 percent of the world’s crude flows on a typical day, has led to a global surge in fuel prices.

World leaders have welcomed the news with cautious optimism amid mixed messages from the US and Iran:

United States

“The Strait of Hormuz is completely open and ready for business and full passage, but the naval blockade will remain in full force and effect as it pertains to Iran, only, until such time as our transaction with Iran is 100% complete,” Trump wrote on Truth Social.

Minutes later, he issued another post saying the US Navy’s blockade on Iranian ships and ports “will remain in full force” until Tehran reaches a deal with the US, including on its nuclear programme.

Later, Trump told the news agency AFP that a deal to end the war on Iran was “close”, saying there were “no sticking points” left between Washington and Tehran.

Iran

Foreign Minister Abbas Araghchi posted on X that the strait was “declared completely open” and would remain open for the remaining period of the 10-day Israel-Lebanon ceasefire, which took effect overnight Thursday into Friday.

Some Iranian state media reports later appeared to contradict Araghchi’s announcement, with a senior military official telling state media that only nonmilitary vessels would be allowed to transit with permission from the Iranian Islamic Revolutionary Guard Corps (IRGC) Navy.

The Fars news agency, which is close to the IRGC, noted a “strange silence from the Supreme National Security Council”, the de facto top decision-making body in the country, as the status of the new supreme leader, Mojtaba Khamenei, remains unknown.

United Kingdom

UK Prime Minister Keir Starmer cohosted a summit on a potential military mission to secure the Hormuz Strait with French President Emmanuel Macron in Paris on Friday, with about 30 to 40 countries participating in person or by video conference.

On the sidelines, Starmer cautiously welcomed news of the strait’s reopening but said it must become “both lasting and a workable proposal”.

He said the UK and France would lead a “strictly peaceful and defensive” multinational mission to protect freedom of navigation as soon as conditions allow.

France

Speaking after the gathering, Macron said, “We all demand the full, immediate and unconditional reopening of the Strait of Hormuz by all parties.”

“We all oppose any restrictions or system of agreements that would, in effect, amount to an attempt to ⁠privatise the strait – and, of course, any toll system,” he added.

Macron’s office said roles for members of the international coalition working to reopen the strait could include “intelligence, mine-clearing capabilities, military escorts [and] communication procedures with coastal states”.

Germany

Chancellor Friedrich Merz said Germany could contribute mine clearance and intelligence capabilities to the international mission, but would need parliamentary support and a ″secure legal basis″ such as a UN Security Council resolution.

He said he wanted US involvement in the international mission to secure shipping through the Strait of Hormuz. “We believe this would be desirable,″ he said.

Trump later appeared to rebuff his overtures, saying on social media that he had received a call from NATO, but declined its assistance in no uncertain terms.

Finland

Finnish President Alexander Stubb, who participated in the Paris summit, said on X, “We welcome Iran’s announcement on opening the Strait. Lasting solutions require diplomacy,”

United Nations

United Nations Secretary-General Antonio ⁠Guterres on ⁠Friday welcomed the opening ‌of Strait of Hormuz by Iran ⁠and said ⁠it was “a ⁠step in the ⁠right ⁠direction”.

International Maritime Organisation

Arsenio Dominguez, secretary-general of the UN shipping agency said, “We are currently verifying the recent announcement related to the reopening of the Strait of Hormuz, in terms of its compliance with freedom of navigation for all merchant vessels and secure ‌passage.”

Shipping companies

The Norwegian Shipowners’ Association said several things had to be clarified before any ships can transit the strait, including the presence of mines, Iranian conditions and practical implementation.

“If this represents a step towards an opening, it is a welcome development,” said Knut Arild Hareide, CEO of the association, which represents 130 companies with some 1,500 vessels.

A spokesperson for Germany’s Hapag-Lloyd Shipping Company said, “We are now beginning to assess the new situation and the risks involved … For the time being, therefore, we are still refraining from passing through the strait.”

In a statement, Denmark’s Maersk said: “We have noted the announcement. The safety of our crew, vessels and customers’ cargo remains our priority. Since the outbreak of the conflict, we have followed the guidance of our security partners in the region, and the recommendation so far has been to avoid transiting the Strait of Hormuz.

“Any decision to transit the strait will be based on risk assessments and close monitoring of the security situation, with the latest developments also included in the ongoing assessments.”

Markets

Oil prices plunged after Iran’s announcement that passage for commercial vessels would remain “completely open” for the duration of a 10-day ceasefire in Lebanon.

“This news is having an immediate impact on markets,” said Kathleen Brooks, research director at XTB. “This is the biggest development so far during the ceasefire, and it gives hope that the war will end soon, and supply chains will return to some normality.”

Garret Anderson, the often misunderstood and always lethal Angels slugger who starred in the 2002 World Series, has died of a heart attack. He was 53.

Anderson’s most memorable moment was belting a decisive three-run double in Game 7 of the only World Series ever played by the Angels. Yet consistency over 17 seasons — 15 with the Angels and one each with the Dodgers and Atlanta Braves — was the hallmark of the taciturn left fielder.

“The Angels Organization is mourning the loss of one of our franchise’s most beloved icons, Garret Anderson,” owner Arte Moreno said Friday in a statement. “Garret was a cornerstone of our organization throughout his 15 seasons and his stoic presence in the outfield and our clubhouse elevated the Angels into an era of continued success, highlighted by the 2002 World Series Championship.

Garret Anderson, who hit the game-winning three-run double, runs with the World Series championship trophy after the Angels beat the San Francisco Giants in Game 7 of the World Series in Anaheim on Oct. 27, 2002.

(Kevork Djansezian / Associated Press)

“Garret will forever hold a special place in the hearts of Angels fans for his professionalism, class, and loyalty throughout his career and beyond. His admiration and respect for the game was immeasurable.”

Nicknamed “G.A.,” Anderson is the Angels leader in games (2,013), at-bats (7,989), hits (2,368), total bases (3,743), extra-base hits (796), doubles (489) and runs batted in (1,292). And he achieved it all without fanfare.

“Garret didn’t seek the limelight,” said Mike DiGiovanna, The Times’ Angels beat writer throughout most of Anderson’s career. “A classic lunch-pail guy. He was a superstar, he just didn’t act like it.”

Fans occasionally booed Anderson for a perceived lack of hustle. He didn’t dive for fly balls and on rare occasions failed to run hard when he hit a ground ball.

His teammates, however, backed him without hesitation, saying he was one of the smartest players in baseball and made the game look easy through hard work.

“He doesn’t dive for balls because he gets there quicker than most guys,” center fielder Darin Erstad said in 2003.

Fans cheered in shock when Anderson made a diving catch against the Minnesota Twins in 2002.

“But, see, that’s what I’m talking about,” he said. “I never should have had to dive for that ball. I got a bad jump. I study hitters. I have an idea of where the ball is going. I don’t dive because I don’t have to.”

The Angels’ Garret Anderson watches the ball after hitting a two-run homer against the Toronto Blue Jays in the seventh inning of a game in Anaheim on July 4, 2008.

(Mark Avery / Associated Press)

Anderson’s understated demeanor fit well in an Angels clubhouse stocked with young, rowdy personalities.

“We have so many emotional guys on this team, Garret is a calming force,” teammate Tim Salmon said in 2003. “He’s criticized for a lack of emotion, but I think it’s good.”

For his part, Anderson possessed a wry sense of humor and wasn’t above poking fun at himself.

“Interesting,” he told The Times Bill Plaschke with a faint smile. “I used to be called lazy. Now that we win a World Series, I’m called graceful.”

After Anderson retired in 2010, he worked as a television analyst for the Angels.

Garret Joseph Anderson was born June 30, 1972, in Los Angeles. He attended Granada Hills Kennedy High, where he starred in baseball and basketball. He remained close to his baseball coach, Manny Alvarado.

“I’ve lost a handful, some of them at a young age, but this one we had a relationship for a long time,” Alvarado said Friday. “I have a ton of memories, some of them from day one and some just recently. The one thing that comes to mind he was kind of an old soul. A lot of major leaguers have a lot to learn from him.

“He was very humble and always picked up the phone. He made it to a lot of alumni games, was very generous.”

Anderson was drafted in 1990 by the Angels in the fourth round and made his major league debut July 27, 1994 versus Oakland before going on to become one of the most productive players in franchise history.

Anderson had a stretch of eight consecutive seasons appearing in at least 150 games for the Angels and played in at least 140 games in 11 of his 17 major league seasons. He was inducted into the Angels’ Hall of Fame in 2016.

“Teammates and fans came to appreciate him for his consistency,” DiGiovanna said. “He was like a metronome.”

In addition to his World Series Game 7 heroics, Anderson batted .300 with four doubles, two home runs and 13 RBIs during the 2002 postseason. He finished fourth in American League Most Valuable Player voting that year.

In 2003, he became the first player since Cal Ripken Jr. to become both the Home Run Derby champion and MVP of the All-Star Game. Anderson batted .293 with 287 home runs in his career.

His final season came with the Dodgers in 2010. At age 38 he batted only .181 but provided a settling influence on young Dodgers stars Matt Kemp and Andre Ethier.

The Angels will honor Anderson by wearing a memorial patch on their jerseys the rest of the season. There will be a moment of silence and a tribute video before Friday’s game.

Anderson is survived by his wife, Teresa, daughters Brianne and Bailey and son Garret “Trey” Anderson III.

Times staff writers Eric Sondheimer and Bill Shaikin contributed to this story.

Caracas, April 17, 2026 (venezuelanalysis.com) – Venezuela has reestablished ties with the International Monetary Fund (IMF) after a seven-year hiatus.

Acting President Delcy Rodríguez confirmed the news on Thursday night, calling it a “great achievement of Venezuelan diplomacy” and a “very important step” for the Venezuelan economy.

“This is the result of months-long negotiations that the Venezuelan far-right unsuccessfully tried to sabotage,” she stated in a televised broadcast. “Good has triumphed.”

The IMF announced the “resumption of dealings” with Venezuela in a statement on Thursday, stating that the decision was “guided by the views of IMF members representing a majority of the total voting power.”

Managing Director Kristalina Georgieva stated earlier this week that the IMF had been approached by Venezuelan authorities at a technical level and that the Caribbean nation “desperately needs help.”

The World Bank likewise issued a statement disclosing the resumption of dealings with the acting Rodríguez government. Venezuela’s last loan with the institution concluded in 2005.

Venezuela had its relationship with the IMF suspended in 2019 after the first Trump administration and allies recognized the self-proclaimed “interim government” led by Juan Guaidó as the Caribbean nation’s legitimate authority.

In March, the White House recognized Rodríguez as Venezuela’s “sole leader” and later withdrew sanctions against her, while US officials spoke of efforts to reincorporate Caracas into the IMF fold.

Though relations were officially frozen in 2019, Venezuela had sought to distance itself from the Washington-based institution more than a decade prior. In 2007, former President Hugo Chávez formally withdrew Venezuela from the IMF and the World Bank, calling them “weapons of US imperialism.”

Chávez repeatedly denounced the US-controlled multilateral institutions’ role in promoting debt and underdevelopment in Global South countries and pushed for the creation of lending institutions as part of Latin American integration efforts. Under Chávez’s predecessors, Venezuela implemented draconian IMF-conditioned structural adjustment policies that saw over half of Venezuelans living in poverty by 1998.

Last year, President Nicolás Maduro stated that Venezuela had “broken the shackles” of the World Bank and the IMF and was instead building its own “self-sustainable model and relations with a new world.”

Venezuela’s priority will be accessing US $5.1 billion in Special Drawing Rights (SDR) that it is entitled to as an IMF member. In 2021, the lending institution issued $650 billion amid the Covid-19 pandemic as an effort to help countries boost reserves and address fiscal needs. 

However, Venezuela was blocked from accessing the funds as the IMF refused to rule on the country’s legitimate authorities.

Caracas’ reengagement with the IMF and the World Bank also comes amid growing speculation about the fate of Venezuela’s sizable foreign debt. The Caribbean nation owes as much as $170 billion from a combination of defaulted bonds, unpaid loans, and international arbitration awards that have accrued interest for years as US sanctions battered Venezuela’s economy and cut it off from credit markets.  

Venezuelan bonds have been rallying in recent weeks following Washington’s rapprochement with Caracas as creditors bet on a debt restructuring deal that can bring significant windfalls.

Since the January 3 US military strikes and kidnapping of President Nicolás Maduro, the Rodríguez administration has fast-tracked a number of pro-business reforms, including in the hydrocarbons and mining sectors. Upon enacting the Mining Law on Thursday, the acting president thanked Trump, Rubio, and other administration officials for their “good disposition” in establishing “cooperation.”

Rodríguez recently announced further plans to overhaul the South American country’s labor, pension, and tax legislation, while also identifying state assets that are “not strategic.” The Cisneros Group, one of Venezuela’s largest business conglomerates, recently announced the raising of funds ahead of expectations of a “wave of privatizations.”

Since January, the Trump administration has imposed control over Venezuelan oil revenues, mandating that royalties, taxes, and dividends be deposited in US Treasury accounts. In a congressional hearing on Thursday, Assistant State Secretary Michael Kozak stated that “around $3 billion” have moved through the dedicated accounts. 

He did not specify what portion of the revenues has been returned to Caracas, only that the funds had been used to pay public sector incomes and import oil industry inputs, while blocking any transactions with China, Cuba, and Iran.

Earlier this week, the Treasury’s Office of Foreign Assets Control (OFAC) issued new restricted licenses allowing transactions with the Venezuelan Central Bank and public banks that are expected to facilitate the partial return of seized Venezuelan export revenues.

On Thursday, Venezuelan authorities additionally announced a change in the Central Bank leadership, with Luis Pérez replacing Laura Guerra as president of the institution. Guerra had been appointed to the post in April 2025 by Maduro.

Pérez is an economist who had served on the BCV board of directors since 2018. In his social media profile, he describes himself as a cryptocurrency enthusiast.

Edited by Lucas Koerner in Fusagasugá, Colombia.

Host cities may have made a commitment to provide transport to games at the usual cost, but the prices in New Jersey and Foxborough go far beyond that.

Not all cities are the same, however.

Free shuttles, external are being offered in Arlington from Centerport Station, and Kansas is charging $15, external (£11) for a return bus to the stadium from four pick-up points.

Philadelphia has said the usual fare of $2.90, external (£2) will remain in place across the six games in the city.

Concannon added that as more high prices are announced, “this sort of stuff is starting to not surprise us”.

“Every single thing coming out of this tournament so far is just fans getting fleeced,” he added.

“With there being no concessionary prices that’s obviously going to impact families, senior concessions as well.

“Who knows what even a pint of beer is going to cost in the normal bars? What’s food going to be like? And then there’s obviously the tipping culture.

“Costs are just getting higher and higher and higher.”

The prices in New Jersey and Foxborough will hit both England and Scotland fans.

The Three Lions take on Ghana in Foxborough on 23 June, and then head to the MetLife to face Panama on 27 June.

Steve Clarke’s Scotland have two games in Foxborough, against Haiti on 13 June and Morocco on 19 June.

Scotland’s third match, against Brazil, is in Miami – and there is still no information on how fans are being transported to fixtures at Hard Rock Stadium.

The cost of parking at stadiums is also very high, with a space at the MetLife costing $225 (£166). Foxborough is priced at $175 (£129) for one car.

“We’ve already seen England fans putting buses on independently run to get to the game in Foxborough from Boston and Providence,” Concannon said.

“England fans are very, very good at looking after each other and working a way to get there as cheaply as they possibly can.

“But this just hasn’t been made easy – again. All this shouldn’t be something that England fans are having to worry about.

“It just goes to show that the organisation hasn’t been great.”

Last week, Fifa put on sale a new batch of tickets under ‘Front Category 1’ and ‘Front Category 2’.

The seats were in the first rows of lower sections and up to three times the price of a regular Category 1 ticket.

As has been the case throughout the sales process, there was no prior warning that these tickets existed or when they would go on sale. Fifa would not comment on its ticket sales policy.

“It’s not a surprise that these things are getting rolled out and ultimately trying to make as much money as possible,” Concannon added.

“And again, it’s just a shame. It’s a real shame to see.”

April 16 (Asia Today) — South Korea will begin receiving 27 million barrels of alternative crude oil in June, part of a broader effort to stabilize energy supplies and diversify import sources amid disruptions linked to conflict in the Middle East.

The Ministry of Trade, Industry and Energy said the shipments are part of crude secured by a presidential envoy team, with additional policy measures being introduced to support refiners facing supply uncertainty.

A senior ministry official said the envoy team secured about 223 million barrels of alternative crude, excluding 50 million barrels previously allocated from Saudi Arabia. Of that, 27 million barrels are scheduled for shipment beginning in June.

The earlier 50 million barrels are expected to be shipped in April and May through the Red Sea port of Yanbu, with confirmation from Saudi Aramco that deliveries will proceed as planned, the ministry said.

South Korean refiners had faced disruptions despite existing contracts, as shipments were affected by instability and constraints linked to the Strait of Hormuz, a key global oil transit route.

The envoy delegation has secured a total of about 273 million barrels of crude from countries including Kazakhstan and Saudi Arabia. Of that, roughly 250 million barrels from Saudi Arabia – which accounts for about one-third of South Korea’s crude imports – are expected to be delivered by the end of the year.

Officials said the government has already secured about 118 million barrels for April and May combined, indicating no immediate risk to domestic supply. Remaining volumes are expected to be shipped sequentially through the end of the year.

In parallel, the government is introducing measures to help refiners diversify import sources. For crude imported between April and June, authorities will ease requirements for refunds of the petroleum import levy and temporarily expand refund limits.

The ministry said it simplified freight cost calculations using an international benchmark index and removed restrictions on shipment volume, duration and frequency. It also temporarily lifted caps on freight cost compensation for diversified imports to expand financial support.

The program is backed by about 127.5 billion won (approximately $95 million) in funding, based on estimated demand from domestic refiners.

Officials said broader reforms may be considered if the situation persists.

The ministry also pushed back against claims that fuel consumption has increased following the introduction of a price cap. Data showed that weekly gasoline and diesel sales fell in five of seven weeks from late February to mid-April compared to the same period last year.

From mid-March to mid-April, after the price cap took effect, total fuel sales declined 12.4% year-over-year, the ministry said, urging observers to focus on overall trends rather than short-term fluctuations.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260416010005112

April 17 (UPI) — Pope Leo XIV held a mass on Friday in Douala, Cameroon, in a stadium with an estimated 120,000 people, marking Catholicism’s growth in Africa.

The pope discussed poverty, violence and corruption in his address to the people of Cameroon, where about 30% of the population is Catholic.

About 20% of the world’s Catholic population lives in Africa.

“Do not give in to distrust and discouragement,” the pope said. “Reject every form of abuse or violence, which deceives by promising easy gains but hardens the heart and makes it insensitive. Do not forget that your people are even richer than this land, for your treasure lies in your values: faith, family, hospitality and work.”

More than 37.7 million people live in poverty in Cameroon. The pope shared the story of Jesus multiplying loaves and fish, saying the “miracle” happened when they were shared.

“Yet this alone is not enough,” he said. “The food that sustains the body must be accompanied, with equal charity, by nourishment for the soul. A nourishment that sustains our conscience and steadies us in dark hours of fear and amid the shadows of suffering.”

The mass was held at Japoma Stadium on the third day of the pope’s 10-day tour of Africa. He will next visit Angola and later Equatorial Guinea during his trip.

Pope Leo spent Thursday in Bamenda, Cameroon, the epicenter of the Anglophone Crisis or Ambazonia War, an armed conflict between the government and separatist groups that has waged for nearly a decade.

Frenchman Herve Renard, who won AFCON with Zambia and Ivory Coast, departs Saudi role despite World Cup qualification.

Frenchman Herve Renard has been relieved of his duties as Saudi Arabia coach, less than two months before the start of the FIFA World Cup 2026 in North America.

The 57-year-old had returned for a second spell as Saudi coach at the end of 2024, having led them at the last World Cup four years ago in Qatar.

“That’s football … Saudi Arabia have qualified for the World Cup seven times, including twice with me,” Renard told the news agency AFP on Friday.

“And there’s only one coach who has led them through both the qualifiers and the World Cup; that’s me, in 2022. At least there will be that sense of pride.”

Renard, a two-time Africa Cup of Nations (AFCON) winner with Zambia and the Ivory Coast, was in charge of Saudi Arabia from 2019 to 2023 before being replaced by Italian coach Roberto Mancini.

From 2023 to 2024, he served as coach of the France women’s team and reached the quarterfinals of both the 2023 Women’s World Cup and the 2024 Paris Olympics.

Ex-Morocco coach Renard was later brought back by Saudi Arabia to succeed Mancini, as the Italian left his role after an underwhelming 14-month stint.

Former Greece international Georgios Donis is reportedly being lined up as the man to take over from Renard. A source close to the negotiations told AFP that talks are under way between the federation and Saudi club Al Khaleej, where Donis has been in charge since 2024.

Saudi Arabia are in Group H at the 2026 World Cup, alongside two former champions, Spain and Uruguay, and debutants Cape Verde. All their group games are scheduled to be played across the United States.

The Arab nation has made six World Cup appearances, with a round of 16 finish in 1994 in the US their best result thus far.

The Saudi team suffered a group-stage exit in the last World Cup in 2022, but made headlines worldwide with a shock 2-1 group win over eventual champions Argentina.

Saudi Arabia is also due to host the 2034 World Cup.

Until recently, President Trump always found a way to fail forward, through a combination of spin, threats, payoffs and bluster.

OK, that’s the simplistic interpretation. The fine print tells a less-glamorous story: a man born on third base who spent decades insisting he’d hit a triple.

Still, it’s hard to argue with success. When Trump entered politics, he redefined the rules of the game. Rivals who tried to outflank him on policy detail, ideological consistency and institutional norms found themselves either vanquished or assimilated by the Borg.

By my lights, only once during Trump’s admittedly chaotic first term did he run into something that his playbook couldn’t at least mitigate or parry: the COVID-19 pandemic. For the final year of his presidency, reality refused to negotiate, and political gravity reasserted itself. It turns out, viruses aren’t susceptible to the Art of The Deal.

But then, miraculously, Trump wriggled through legal jeopardy, bulldozed his way past more conventional Republicans and Democrats, and re-emerged victorious in 2024.

If anything, that comeback reinforced the idea that Trump could survive anything by virtue of his playbook.

By the start of his second term, he’d made impressive headway in co-opting not only individuals but also major institutions within big tech, the media and academia.

Even in foreign affairs, Trump’s sense that any problem could be solved via force, intimidation or money was confirmed when he captured Venezuelan President Nicolás Maduro and installed Maduro’s vice president, Delcy Rodríguez, as a sort of puppet leader. Everyone has a price, right?

Unfortunately for Trump, no. Not everyone does.

Lately, the president has encountered a different kind of resistance — adversaries motivated by something bigger and more transcendent than money, power or the avoidance of pain.

In dealing with Iran, for instance, Trump has confronted people operating under a wholly different set of incentives. It’s a regime guided by a mix of ideology, radical religious doctrine and long-term strategic interests that don’t always align with short-term material gain.

(Now perhaps, having punished Trump enough already, Iran will finally come to the negotiating table. But even if that happens, it will have occurred after exacting a steep price — so steep, in fact, that it may already be too late for Trump to plausibly claim a win.)

It turns out, you can’t easily intimidate or pay off a true believer who isn’t afraid to die and believes they have God on their side.

A similar (though obviously not morally equivalent) dynamic is now also on display in the form of Trump’s skirmish with Pope Leo XIV, a man who commands moral authority. He opposes the war in Iran (“Blessed are the peacemakers”) and has demonstrated a stubborn refusal to back down to Trump’s attempts at bullying.

“Woe to those who manipulate religion and the very name of God for their own military, economic and political gain, dragging that which is sacred into darkness and filth,” Leo said during a tour of Africa. It’s a remark that the American pope seemed to implicitly be aiming at the American president.

Here’s what Trump doesn’t understand: There are still pockets of the world where concepts like faith and national identity outweigh tangible incentives. Where sacrifice and suffering are an accepted part of the plan.

When facing these sorts of foes, Trump’s usual operating system starts to look less like a cheat code and more like a category error.

But he can’t see this because Trump is always prone to a sort of cynical projection — of assuming everyone views the world in the same base, carnal, corrupt way he sees it.

Whether it was his incredulity that Denmark wouldn’t sell Greenland, rhetoric that seemed to discount the motivations of those who serve and sacrifice in the military, or his affinity for nakedly transactional gulf states, the pattern is familiar: a tendency to view decisions through a cost-benefit lens that not everyone shares.

To be fair, that lens has often served him well. In arenas where power, money and leverage dominate, Trump’s approach is eerily effective.

But after years of taming secular, “rational” opponents, he is fighting a two-front war against people who see their struggles as moral and spiritual.

They aren’t stronger in a conventional sense. But they are, in a very real sense, less susceptible to Trump’s methods.

For perhaps the first time in his life, Donald Trump finds himself facing adversaries who aren’t just immune to his usual Trumpian playbook but are playing a different game altogether.

Matt K. Lewis is the author of “Filthy Rich Politicians” and “Too Dumb to Fail.”

President Lee Jae Myung on Friday shared a news report that a South Korean oil tanker exited the Red Sea, marking the first shipment of crude oil to the nation since the blockade of the Strait of Hormuz.

Earlier in the day, the nation’s fisheries ministry reported that the tanker carrying crude oil from Saudi Arabia exited the Red Sea, as the Strait of Hormuz has been effectively closed amid the prolonged war in the Middle East.

“It is good news that our vessel is transporting crude oil via the Red Sea for the first time since the blockade of the Strait of Hormuz,” Lee wrote in his social media post.

He described the safe passage as a “valuable achievement” made possible through close coordination among relevant ministries and the dedication of seafarers under difficult circumstances.

“The government is mobilizing all available resources to address the crisis stemming from the war in the Middle East,” Lee said, pledging to safeguard people’s livelihoods and national interests.

South Korea has been exploring ways to ship crude oil via the Red Sea, an alternative route, as the Strait of Hormuz, a critical maritime chokepoint, has been effectively closed amid the Middle East conflict.

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The U.S. military is not limiting its efforts to interdict Iranian vessels to the Middle East. Air Force Gen. Dan Caine, Chairman of the Joint Chiefs of Staff, told reporters today that this is a global campaign.

“Let me be clear, this blockade applies to all ships, regardless of nationality, heading into or from Iranian ports,” he said. “The U.S. action is a blockade of Iran’s ports and coastline, not a blockade of the Strait of Hormuz. Enforcement will occur inside Iran’s territorial seas and in international waters.”

“In addition to this blockade, the joint force, through operations and activities in other areas of responsibility, like the Pacific Area of Responsibility, under the command of Admiral [Samuel] Paparo, will actively pursue any Iranian-flagged vessel or any vessel attempting to provide material support to Iran,” he added. “This includes Dark Fleet vessels carrying Iranian oil. As most of you know, Dark Fleet vessels are those illicit or illegal ships evading international regulations, sanctions or insurance requirements.”

Caine added that no Iranian ships have been boarded in the CENTCOM region so far, but he did not say if any have been interdicted outside the CENTCOM region. We have reached out to his office for more details. It should be noted that early in Epic Fury, a U.S. Navy submarine sunk an Iranian frigate in the Indian Ocean.

Caine was one of three top military leaders to brief reporters this morning on the currently paused Operation Epic Fury and the ongoing blockade. Here are some highlights from the press conference, which also included War Secretary Pete Hegseth, and CENTCOM commander, Adm. Brad Cooper.

• Caine explaining how the Navy is enforcing the blockade:

“This map is a pull from our common operating picture that we use to allow commanders and key leaders to see what is happening in near real time, we just grabbed screen grabs to highlight the actions and activities,” Caine noted. “What is not shown is how incredibly congested this area is and the incredible work that our sailors are doing to ensure that they can work in and around an incredibly busy water space. What is also not depicted here is the massive, massive force of fighters, intelligence aircraft, helicopters and other embarked forces, to include aerial refueling tankers that are up overhead this blockade area. You’ll note that U.S. forces are in blue. Iranian ships are in red.”

Williams’ cautiousness about going under the knife suggests he still has ambitions to continue on the baize for years to come – and who can blame him.

Last October, at the age of 50 years and 206 days, he beat the mark set back in 1982 by fellow Welshman Ray Reardon to become the oldest winner of a ranking event when he triumphed in the Xi’an Grand Prix.

Even now, having turned 51 last month, he is ranked sixth in the world going into the World Championship this weekend..

“When I was 45 I said I’d like to see where I am in the rankings when I’m 50,” Williams recalled.

“I’m not retiring, I made that decision years ago. Let’s see where I am in the rankings at 55, that’ll be interesting.”

He may have ruled out retirement but is not feeling quite so confident about his chances at the Crucible this year.

“I’m still fighting. I’m still trying and that’s all I can say,” he said.

“I try my best in every tournament and if you win, great, if you lose, that’s not the end of the world.

“I’ve been doing this since I was an eight-year-old kid. My father was going down the mines for 30 years, my grandfather for 50 years.

“I’m just travelling around the world playing the stupid game of snooker, getting paid well for it and enjoying it. You can’t put too much pressure on yourself.”

Ingle has come a long way since beginning her junior career with Vale Wanderers, a boys’ team in Barry.

She was forced to give up the sport when aged 12 because Football Association of Wales (FAW) rules meant she could no longer play with the boys.

Thankfully for Welsh football, Ingle returned to the pitch when her Vale Wanderers coach set up a girls’ team when she was 14.

She then played for Dinas Powys Ladies and Cardiff City Ladies before joining Chelsea for the first of two spells in 2012.

By that stage, Ingle was an established Wales international, having made her senior debut in a 2-1 World Cup qualifying defeat to Azerbaijan three years earlier, only a matter of weeks after her 18th birthday.

Ward scored Wales’ goal in Baku, with Ingle coming off the bench.

“It was a horrible game, horrible pitch, but this kid just made it look like she’d been doing it her whole life,” Ward remembers.

“She’s just a top player… technique is unbelievable, the way she reads a game, the way she can find a pass.

“She’s my favourite footballer in the world.”

Adrian Tucker was the manager who gave Ingle her first cap, in an era when the landscape was very different in women’s football.

“She was good technically but she was also really good on the physical side, which was a really big thing at that time,” he says.

“Did I think she would go on to win 150 caps? In 2009, I didn’t think Wales would play 150 games. We were struggling to get five games a season.

“But since then there has been a boom in women’s football and Sophie has been on the crest of that wave.”

Paralympic champion William Ellard set a new world record time to take gold in the S14 mixed class 100m freestyle final at the Aquatics GB Swimming Championships in London.

Ellard finished in 50.41 seconds to shave 0.49 seconds off the previous record held by Brazil’s Arthur Xavier Ribeiro.

The 20-year-old, who won gold in the S14 200m freestyle and mixed 4x100m freestyle relay at the 2024 Paralympics, has subsequently booked his place at the European Championships in Paris this summer.

“It was the aim,” Ellard said when asked if he was targeting the world record.

“It would be nice to go 49 [seconds] one day but it hurt for the last 15 metres, I just had to put my head down.”

Earlier, Angharad Evans broke the British 200m breaststroke record, finishing in a time of 2:19.70.

April 16 (UPI) — President Donald Trump announced that Israel and Lebanon agreed to a 10-day cease-fire starting at 5:00 p.m., pausing Israel’s six-week war on Hezbollah in that country.

Trump spoke with Lebanese President Joseph Aoun and Israeli Prime Minister Benjamin Netanyahu on Thursday, both leaders confirmed, and agreed to the cease-fire and to work toward a more permanent peace between their countries.

Aoun and Netanyahu spoke to each other separately because Aoun declined to participate in a call with the Israeli leader because Israel was still bombing Lebanon, CNN reported.

“These two Leaders have agreed that in order to achieve PEACE between their Countries, they will formally begin a 10 Day CEASEFIRE,” he said in a post on Truth Social.

Vice President J.D. Vance, Secretary of State Marco Rubio and Joint Chiefs of Staff Chairman Dan Caine have been directed to work with officials of both countries to achieve a more lasting peace.

Lebanese Prime Minister Nawaf Salam in a statement thanked the United States, France, the European Union, Saudi Arabia, Egypt, Qatar and Jordan for helping to accomplish the cease-fire he had pursued “since the first day of the way,” NBC News reported.

After the United States and Israel launched the Iran war, Israel also launched offensives against the Iran-backed militia Hezbollah in Lebanon, from which it often launches attacks at Israel.

This week, delegates from the neighboring countries conducted diplomatic talks for the first time since 1993, meeting in Washington, D.C., to discuss a cease-fire and the larger issue of Hezbollah’s hijacking of Lebanese lands in order to target Israel.

Netanayhu said Thursday in a video statement that Israeli forces would “remain in a 10-kilometer security zone, which will allow us to prevent infiltration into communities and anti-tank missile fire.”

Calling the negotiations potentially historic, Netanyahu said that Israel’s chief goal is to disarm Hezbollah and its ability to invade or launch weapons across the Lebanese border into Israel.

“That is where we will remain,” he said. “We are not leaving.”

After the diplomatic talks on Wednesday, Rubio reinforced that a key part of the meeting and now peace talks between the two nations is to end Hezbollah’s destabilizing influence in Lebanon and the wider Middle East.

“We have to remember the Lebanese people are victims of Hezbollah,” Rubio said, also noting that accomplishing a lasting peace “will take time.”

SEOUL, April 16 (UPI) — South Korea’s Penetrium Bioscience unveiled a novel approach to cancer treatment that targets the environments surrounding tumors. That announcement came during a press conference in Seoul on Thursday.

The company said that its drug candidate, Penetrium, developed by its major shareholder CNPharm, is designed to overcome a key problem of traditional cancer treatments — drug resistance caused by “sublethal” dosing.

Thus far, such resistance has been attributed to genetic mutations within cancer cells. However, Penetrium Bioscience shifted its focus to the tumor microenvironment, which it identified as a critical factor behind inadequate dosing.

Its rationale is that cancer cells can undergo adaptive changes, which reinforce the physical and metabolic barriers of the tumor microenvironment, enabling them to withstand further treatment.

Based on this concept, the company said that it has targeted the “soil,” which means the environment surrounding cancerous cells, rather than the “seed,” or the tumors themselves.

Penetrium aims to disrupt this process, and the company noted that its mechanism has been checked by three independent institutes, including Seoul National University Hospital and KAIST, one of Korea’s leading science and engineering universities.

“Penetrium is the ideal strategic partner capable of restoring drug efficacy by overcoming the sub-lethal dose limitations faced by targeted anticancer therapies from global big pharmaceutical firms,” Penetrium Bioscience CEO Cho Won-dong told the press meeting.

“This research will usher in a new era for targeted cancer treatments,” he added.

Penetrium Bioscience plans to present its research findings at the upcoming AACR Annual Meeting 2026, one of the world’s most prominent scientific conferences on cancer research.

Hosted by the American Association for Cancer Research, the yearly event is scheduled to begin Friday and run through Wednesday in San Diego.

The share price of Penetrium Bioscience dipped 9.55% on the Seoul bourse on Thursday.

April 16 (UPI) — Venezuelan interim President Delcy Rodríguez has hired U.S. attorney and lobbyist Jihad M. Smaili to represent her interests in Washington and support groundwork for a possible presidential campaign, according to filings with the U.S. Department of Justice.

Records filed under the Foreign Agents Registration Act show Smaili will act as a foreign agent for Rodríguez, including assisting with her “future political campaign” ahead of Venezuela’s next presidential election, though no date has been set for the vote.

According to the filing, Smaili will represent Rodríguez in pending and future litigation involving Petróleos de Venezuela, S.A., Citgo and creditor claims. He will also provide daily advice on matters involving the U.S. State Department and the White House, independent news organization Efecto Cocuyo reported.

The contract said Smaili will “provide daily advice and counsel to the foreign principal on matters involving the Department of State and the president of the United States, including advice on how to strengthen and advance the current relationship for the benefit of the Venezuelan people.”

The agreement also describes Rodríguez as a candidate in Venezuela’s upcoming presidential elections and includes support for her “future political campaign.”

The move comes shortly after the United States lifted personal sanctions on Rodríguez and recognized her as a legitimate authority in Venezuela’s political transition.

According to Infobae, Smaili also will advise on retaining law firms involved in litigation tied to oil companies, as well as creditor claims related to cases involving the Revolutionary Armed Forces of Colombia, or FARC.

Citgo, PDVSA’s U.S.-based refining and marketing subsidiary, is at the center of multiple creditor disputes as international claimants seek to seize the asset to satisfy unpaid Venezuelan debts. A federal court in Delaware has authorized the sale of shares in the company to help cover claims totaling about $20 billion.

U.S. victims of FARC-related violence are also seeking to participate in the auction and recover about $318 million in damages.

WASHINGTON — If the U.S. and Iran aren’t able to soon come to a deal to end the war or extend the ceasefire that expires next week, the Trump administration is setting the stage to shift its war campaign toward a more economic-focused effort aimed at choking Tehran into submission rather than relying on bombs alone.

Treasury Secretary Scott Bessent told reporters at a White House briefing Wednesday that the U.S. plans to ramp up economic pain on Iran, and said the new moves will be the “financial equivalent” of a bombing campaign.

The threat of secondary economic sanctions on countries doing business with people, firms, and ships under Iranian control — including allies like the United Arab Emirates and competitors like China — represents an escalation of sanctions that the U.S. is already employing.

Bessent said the administration has “told companies, we have told countries that if you are buying Iranian oil, that if Iranian money is sitting in your banks, we are now willing to apply secondary sanctions, which is a very stern measure. And the Iranians should know that this is going to be the financial equivalent of what we saw in the kinetic activities.”

Treasury Department warns China, Hong Kong, the UAE and Oman

The warning comes the day after the Treasury Department sent a letter to financial institutions in China, Hong Kong, the UAE, and Oman, threatening to levy secondary sanctions for doing business with Iran, and accusing those countries of allowing Iranian illicit activities to flow through their financial institutions.

It’s part of an economic playbook that President Trump still can use to pressure Iran to accept U.S. proposals to limit its nuclear ambitions, a person familiar with the administration’s thinking told the Associated Press. The person spoke on the condition of anonymity because they were not authorized to discuss private discussions on the record.

Privately, the argument being made to Trump is that the Iranians think they can weather the storm — but if they cannot pay their loyalists, that could pressure Iran to the table.

And some in the administration believe there are still more economic targets that can be hit that would put the economic hurt on Iran, including bonyads, the charitable trusts that account for a significant percentage of the Iranian economy.

Bessent told reporters that two Chinese banks have received warnings about handling Iranian money. Trump is preparing to visit Beijing next month for talks with Chinese President Xi Jinping.

Bessent also said that Iran’s Gulf neighbors are now willing to look at freezing Iranian money in their banks because of Iran’s aggression during the war.

Daniel Pickard, a sanctions attorney, said imposing secondary sanctions could result in “diplomatic and economic blowback” from allies that could hurt efforts to build coalitions against Tehran.

“A lot of our trading partners have been outspoken in regard to their opposition to the conflict in Iran,” Pickard said. “Most economic sanctions professionals would agree that when you get more people on the team, the chances of your economic sanctions being effective are greater.”

On Wednesday, the U.S. imposed sanctions on an oil smuggling network connected to the deceased senior Iranian security official Ali Shamkhani, who was a close advisor to the former Supreme Leader of Iran. Sanctions include dozens of individuals, companies, and vessels involved in secretly transporting and selling Iranian and Russian oil through front companies, many of which are in the UAE.

“Treasury will continue to cut off Iran’s illicit smuggling and terror proxy networks,” Bessent said in a statement. “Financial institutions should be on notice that Treasury will leverage all tools and authorities, including secondary sanctions, against those that continue to support Tehran’s terrorist activities.

The administration believes the momentum has shifted

Trump administration officials have also signaled growing confidence that the ceasefire and a blockade of shipments from Iranian ports in the Strait of Hormuz have shifted momentum in Trump’s favor.

Iran has endured tens of billions of dollars in damage during the bombardment to the country’s infrastructure — including setbacks to its oil industry, the heart of its fragile and long-isolated economy — that could take years to repair.

Vice President JD Vance on Tuesday said Trump “doesn’t want to make, like, a small deal. He wants to make the grand bargain.”

“That’s the trade that he’s offering,” Vance said. “If you guys commit to not having a nuclear weapon, we are going to make Iran thrive.”

The president’s deputy chief of staff, Stephen Miller, offered a more caustic assessment of the moment, suggesting that Trump had “played the checkmate move” on Iran by implementing the blockage in the strait.

“If Iran chooses the path of a deal that’s great for the world, that’s great for everybody. If Iran chooses the path of economic strangulation by blockade, then the world will pass Iran by,” Miller said in a Fox News appearance Tuesday evening. “New energy routes will be established. New supply chains will be established. Other nations throughout the region — throughout the world, and especially America — will power the world and Iran will become a footnote.”

Some Republicans are skeptical that more sanctions will work

Some Republicans believe that any tactic to exert more pressure on Tehran is worth trying.

“I would support anything,” said Sen. Thom Tillis (R-N.C.). “If the administration came up with the ideas, I would support all of the above. More pressure, the better.”

Others were skeptical, noting that Tehran was already facing a litany of economic penalties that had little impact on its behavior.

“I’m not sure if it’s sanctions that’ll do it. I think we’re putting some pretty heavy sanctions on right now,” said Sen. Mike Rounds (R-S.D.), a member of the Banking and Armed Services Committees. “I personally am just not optimistic that we actually can fix this thing without a regime change.”

Trita Parsi, executive vice president of the Quincy Institute, a think tank that has been critical of Trump’s decision to launch the war, says that Trump had been “politically cornered and strategically constrained” before he announced the ceasefire. But now, Parsi argues, Trump may have altered the difficult dynamic and created a situation where “Iran now appears to need an agreement more than the United States does.”

“The window now open offers Tehran a chance to convert battlefield leverage into lasting strategic gain,” Parsi wrote in a new analysis. “To let it close would mean forfeiting not just incremental progress, but the possibility of reshaping its economic and geopolitical position. By contrast, the United States, having already secured a tenuous exit ramp through the ceasefire, has less at stake in the short term.”

Hussein, Madhani, Weissert and Kim write for the Associated Press.