Hedge funds are increasingly unimpressed…
The start of the summer…
Tensions are rising and discussions are becoming more intense as it appears that parties involved in the talks with Iran may be making good progress to a first deal that will see a partial reduction in the economic sanctions against Iran, in exchange for a slowdown in the country’s controversial nuclear program.
Reuters claims that if such as deal is made then Israeli Prime Minister Benjamin Netanyahu will experience a hefty blow against his campaign to completely shut down Iran’s nuclear program. It would also prevent Israel from taking any military action against Iran, and potentially have an effect on the negotiations with Palestine.
On Friday Netanyahu bitterly attacked the agreement coming together, believing that Washington is giving Iran too much ground.
Related article: Nuclear Talks with Iran Intensify as Deal Emerges
“This is a very bad deal and Israel utterly rejects it,” he said. “Israel will do everything it needs to do to defend itself and to defend the security of its people.”
Yet despite the threat, the Israeli Prime Minister would find it very hard to launch any form of attack against Iran after a deal is made. Giora Eiland, a former national security advisor in Israel, told Reuters that “a unilateral military option would have no real chance now. Not because we can't do it, but because it would be seen as moving against the whole international community. That is something Israel cannot afford.”
Netanyahu’s relationship with Washignton has been difficult for years, the two clashing various times during Obama’s first term in office over the Palestinian peace process. And whilst things seemed to improve last year in the wake of Obama’s re-election, and the resumption of peace talks with the Palestinians, US Secretary of State John Kerry’s recent visit showed the tensions that still exist.
By. Joao Peixe of Oilprice.com
Joao is a writer for Oilprice.com