Israel, U.S. Discuss Iran Oil Embargo

(Ynet News) Itamar Eichner - Israeli Deputy Foreign Minister Danny Ayalon met with U.S. Undersecretary of State for Political Affairs Wendy Sherman on Sunday to discuss the Iranian nuclear threat and urged the U.S. to impose an oil embargo on Iran, Yediot Ahronot reported. Israeli officials presented Sherman with an economic model they believe would enable the U.S. to impose an oil embargo on Iran without causing a global price hike. According to the model, the world's biggest oil manufacturers, including Saudi Arabia, would be expected to increase production in order to reduce global dependency on Iranian oil. "Israel and the U.S., with the international community's cooperation, are determined to prevent - and will prevent - a nuclear Iran," Ayalon said on Sunday.

2011-12-19 00:00:00

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