A new Israeli government report finds that recent sanctions are hitting Iran hard, Haaretz reported today. The internal report by Israeli foreign ministry finds Iran’s oil exports have declined by 50 percent in the past year, while food and electricity prices have skyrocketed. (Associated Press, 27 September)
The findings undercut Prime Minister Benjamin Netanyahu’s argument that the sanctions have not been effective, hence an urgent need to take military action against the country’s nuclear installations. However, Netanyahu is expected to argue when he addresses the U.N. General Assembly that regardless of the effectiveness of the sanctions, the senior leadership of the Islamic Republic is determined to build the bomb and international economic pressures could not stop the process.