March 7, 2012

Pressure Iran Without Raising Oil Prices

Bremmer & Kupchan, Financial Times

AP Photo

Benjamin Netanyahu’s meeting with President Barack Obama on Monday went as well as could be hoped. The Israeli prime minister stressed his oft-repeated desire for the US to establish “red lines” for Iran, but avoided any appearance of a disconnect with Washington. Mr Obama promised that the US would watch Israel’s back and continue to deploy the latest tool in its diplomatic arsenal: financial sanctions, in this case powerful disincentives to importing Iranian oil. So we are unlikely to see an Israeli military strike soon, as Mr Netanyahu seems willing to give sanctions time to work.

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TAGGED: oil, Iran

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