Prime Minister Binyamin Netanyahu on Sunday condemned the ongoing massacre of Syrian civilians by President Bashar Assad. The prime minister's condemnation joins a growing chorus of anti-Syria rhetoric from the Israeli political establishment, as all of Vice Premier Shaul Mofaz, Deputy Foreign Minister Danny Ayalon and President Shimon Peres attacked Assad on Sunday for his crimes against civilians.
Speaking at the start of a cabinet meeting, Netanyahu said that Syrian forces are killing innocents, including women and children.
Tough Western sanctions imposed on Iran's oil market over its developing nuclear program has the country feeling an economic pinch, as its estimated to have lost more than $10 billion this year alone in oil revenues, Reuters reports.
The financial measures imposed by the US and the European Union have dropped Iran's oil output to the lowest level in 20 years, Reuters reports, as Iran is shipping out 600,000 less barrels per day than it did last year. The sanctions have made it harder for Iran to export its oil and more difficult for other countries to buy it. An European Union oil embargo is to take effect on July 1.
"This is an act of economic warfare. The sanctions are having a big effect in cumulative terms: Iran is being locked out of the global financial system," Mehdi Varzi, a former National Iranian Oil Co. official, told Reuters.
Israel’s war strategies … Cyber-terror can lead to 'end of the world as we know it' ... Euro zone on the brink ... Germany has the key to the euro's short-term, is it worth the risk? … Is Bill Clinton attempting to sabotage Obama’s re-election efforts? ...Is Obama’s executive order giving up a large slice of U.S. economic and environmental sovereignty?
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