Israel welcomes EU sanctions on Iran

AP News
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Posted: Jan 23, 2012 9:35 AM
Israel welcomes EU sanctions on Iran

Israeli Prime Minister Benjamin Netanyahu is welcoming a decision by the European Union to impose an oil embargo on Iran as part of wider sanctions over Iran's nuclear program.

Netanyahu called the embargo "a step in the right direction." He was speaking at a Monday meeting of his Likud Party.

Israel and the West accuse Iran of developing nuclear weapons. Iran denies that.

Israel views Iran as an existential threat because of its nuclear and missile programs, references to Israel's destruction by the Iranian president and Tehran's support of militants in Gaza and Lebanon.

Netanyahu has said he hopes stepped-up international sanctions will persuade Iran to give up its nuclear program. Israel has not ruled out the possibility of attacking Iran.