- 1 August 2012
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- NIAC round-up
Netanyahu Challenges Credibility of US Threat Against Iran
Speaking next to US Defense Secretary Leon Panetta in Israel, Israeli Prime Minister Benjamin Netanyahu warned, “Right now the Iranian regime believes that the international community does not have the will to stop its nuclear program.” Panetta responded by reiterating that “If they make the decision to proceed with a nuclear weapon…we have options that we are prepared to implement to ensure that that does not happen,” (Reuters 8/1).
Beijing “Furious” Over Sanctions on Chinese Bank
Beijing has reacted furiously to new US sanctions imposed on a Chinese bank, Bank of Kunlun, over transactions with Iran, and urged the US to revoke the “groundless” sanctions, saying the sanctions violated “norms of international relations” (AP 8/1).
Iran, OPEC Oil Production Falls