World will accept nuclear Iran: Israeli economist
Jerusalem: A leading Israeli investment firm on Thursday said the world is likely to grudgingly accept a nuclear Iran given the high price any military strike on its nuclear facilities is going to exact.
"A sharp rise in the price of oil, the costs of war and the damage to global trade would be too great and deter world powers from taking any serious action," Amir Kahanovich, chief economist at Clal Finance, one of Israel`s largest brokerage houses, said.
This assessment is in sharp contrast to Israel`s stated official position that Tehran`s nuclear aspirations are unacceptable and that all options are on the table to foil the Islamic Republic`s nuclear ambitions.
In a report titled `The Iranian Issue through Economic Eyes`, Kahanovich laid out different courses of action, ranging from additional "light sanctions" to military strikes, and told investors that the world is likely to balk at taking the steps needed to stop Iran from developing nuclear weapons, the Ha`aretz newspaper reported.
Even for Israel the economic cost of a military confrontation that could include retaliatory missile attacks by Tehran and proxies in Gaza and Lebanon would be too high, he predicted.
"Unfortunately, it appears that a nuclear Iran is the most reasonable scenario," the economist inferred. His remarks came after President Shimon Peres said earlier this month that an attack on Iran was becoming increasingly more likely.
More from India
More from World
More from Sports
More from Entertaiment
- Jamaat-e-Islami chief announces Rs 100 cr reward for PM Modi's arrest
- Zee Media exclusive interview with victim of Uber molestation
- Maggi samples found unsafe: Delhi government
- DNA: Analysis of Vijay Mallya's 'fund transfer formula'
- IMD forecasts 'deficient' Monsoon, drought-like conditions expected
- Was asked to call Sunanda Pushkar’s death `natural`: AIIMS doctor
- Maggi row: Delhi registers case against Nestle, Kerala withdraws stock from govt stores
- Rahul Gandhi hails BR Ambedkar, takes potshot at Modi-led NDA govt over IIT Madras row
- From being the ‘Dabangg’ girl to ‘Akira’ - Sonakshi Sinha’s journey so far
- China ship carrying 458 on board sinks in Yangtze River: Five dead, hundreds missing