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Netanyau warns Iran on high-profile US visit
by Staff Writers
Washington (AFP) March 6, 2012

Romney slams Obama, but offers similar Iran policy
Washington (AFP) March 6, 2012 - US Republican frontrunner Mitt Romney has vowed to prevent Iran from getting nuclear weapons but his policies strongly resemble those of President Barack Obama, whom he hopes to replace in November.

"While Obama frets in the White House, the Iranians are making rapid progress toward obtaining the most destructive weapons in the history of the world," Romney wrote in an op-ed on the Washington Post's website Monday.

"The perils for Israel, for our other allies and for our own forces in the region will become unthinkable. The United States cannot afford to let Iran acquire nuclear weapons. Yet under Barack Obama, that is the course we are on.

"As president, I would move America in a different direction."

However, Romney's prescription for halting Iran's nuclear program -- which Tehran insists is entirely peaceful -- consists of strengthening sanctions while refusing to take the option of military strikes off the table.

Obama has presided over a dramatic ramping up of sanctions on Iran, has said an Iranian nuclear weapon is "unacceptable" and, like Romney, has refused to rule out military action to prevent Iran from developing an atomic weapon.

The president on Sunday slammed "loose talk" about war during a speech to the top pro-Israel lobby, but said his intention was to do everything necessary to prevent Iran from getting nuclear weapons.

"My policy is prevention of Iran obtaining nuclear weapons ... when I say all options are on the table, I mean it," Obama said.

The Republican nominees vying to win their party's nomination to take on Obama in November's general election have accused the president of emboldening Iran by showing lackluster support for Israel.

Romney vowed to make Jerusalem his first destination as president and to increase military assistance to the Jewish state.

Obama has countered that his administration has boosted both aid to Israel and bilateral military coordination to unprecedented levels.

On Monday, Obama assured visiting Israeli Prime Minister Benjamin Netanyahu that he had Israel's "back" but also stressed that he saw a "window" for diplomacy with Iran.

Netanyahu's visit comes amid rampant speculation Israel could soon mount a high risk go-it-alone military action against Iran.


Israel's Benjamin Netanyahu on Tuesday winds up a high-profile US visit focused on Iran's perceived nuclear threat after warning that his country would not live in the "shadow of annihilation."

Netanyahu was to meet with US Secretary of State Hillary Clinton and visit the US Congress a day after keenly-watched talks with President Barack Obama against the backdrop of speculation over a possible Israeli strike on Iran.

"Unfortunately, Iran's nuclear program has continued to march forward. Israel has waited ... for diplomacy to work, we've waited for sanctions to work. None of us can afford to wait much longer," Netanyahu told some 13,000 attendees late Monday in a speech before the AIPAC pro-Israel lobbying group.

"As prime minister of Israel I will never let my people live in the shadow of annihilation."

While Clinton has voiced exasperation in the past over settlement building in the occupied West Bank and east Jerusalem under Netanyahu, he enjoys strong bipartisan backing on Capitol Hill.

Netanyahu saluted Congress during the AIPAC speech on Monday, saying that more than half the members of the legislature were guests in the audience.

He then asked delegates "to stand up and applaud the representatives of the United States," prompting a standing ovation.

"Democrats and Republicans alike, I salute your unwavering support for the Jewish people," he added.

Netanyahu will meet Congressional leaders on Tuesday, winding up the two-day visit in which he held crucial talks with Obama earlier on Monday over how best to thwart Iran's nuclear ambitions.

The Obama administration has signaled that it does not yet believe Iran has taken a decision to develop a nuclear weapon, or that the time is right for military action, preferring to give biting new sanctions time to work.

However Israel, which sees a possible Iranian nuclear weapon as a threat to its existence, believes that Iran may be on the cusp of "break out" capacity -- the moment when it could quickly produce weapons-grade uranium.

In his speech before the American Israel Public Affairs Committee, Netanyahu sought to minimize the differences between himself and Obama.

"(Obama) stated clearly that all options are on the table and that American policy is not containment," Netanyahu said.

"Israel has exactly the same policy. We're determined to prevent Iran from developing nuclear weapons, we leave all options on the table and containment is definitely not an option."

Netanyahu said that for the world to allow Iran -- which he said was dedicated to the destruction of the Jewish state -- to attain a nuclear arsenal evoked memories of US refusal in World War II to bomb the Auschwitz Nazi death camp to prevent the mass extermination of Jews there.

"My friends, 2012 is not 1944," he said.

Netanyahu told Obama on Monday that Israel must remain the "master of its fate" in a firm defense of his right to mount a unilateral strike on Iran.

Obama assured Netanyahu he had Israel's "back" but also stressed that he saw a "window" for diplomacy, despite rampant speculation Israel could soon mount a high risk go-it-alone military operation.

The leaders, who have had a famously testy relationship, met for two hours of talks amid clear signs of differences on the imminence of the perceived Iranian nuclear threat, if not its ultimate danger to both nations.

In an impassioned on-camera statement, Netanyahu told Obama: "Israel must have the ability always to defend itself, by itself, against any threat.

"That's why my supreme responsibility as prime minister of Israel is to ensure that Israel remains the master of its fate."

A senior US official said Washington now believed after the meeting that Netanyahu understood that Obama was deeply serious about preventing Iran acquiring nuclear weapons.

An Israeli official commented that Israeli concerns were now also widely understood, but did not elaborate.

In the days before Netanyahu arrived, Obama bolstered his rhetoric on Iran -- making clear he did not "bluff" and would order military action if necessary, but refused to set public "red lines" for such a response.

The US official said the administration believed it would have up to a year to decide on how to respond should Iran decide to begin enriching uranium to weapons-grade quality. Israel does not share that timetable.

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Oil prices mixed as Iran risks weigh
Singapore (AFP) March 6, 2012 - Oil prices were mixed in Asian trade Tuesday as traders weighed geopolitical tensions over crude producer Iran's nuclear programme and weak economic data from Europe and China.

New York's main contract, light sweet crude for delivery in April, gained four cents to $106.76, while Brent North Sea crude for April was down 17 cents to $123.63 in the afternoon.

Phillip Futures in a market commentary said oil prices were "in tug-of-war trading as supply risks and tensions over Iran's nuclear programme provided support, but concerns about global economic growth limited gains."

Prime Minister Benjamin Netanyahu on Monday told US President Barack Obama that Israel must remain the "master of its fate" in a firm defence of his right to mount a unilateral strike on Iran.

Israeli leaders are worried that despite their potency, increasingly tough US and European sanctions on Iran and its central bank and vital petroleum industry will not convince Tehran to renounce a nuclear arsenal.

Israel is eager to move quickly and decisively using a military strike before Tehran reaches a point when it could quickly produce weapons-grade uranium.

Iran has so far insisted that its nuclear programme is solely for peaceful civilian purposes.

Traders are also keeping a close watch on economic data indicating weakening growth in Europe and China, analysts said.

Chinese Premier Wen Jiabao said on Monday that the country was targeting growth of 7.5 percent in 2012, a third straight reduction as the world's number two economy is buffeted by ongoing troubles in the West and high oil prices.

In Europe, a composite purchasing manager's index compiled by research firm Markit showed eurozone private sector activity falling in February after returning to growth in January underlining predictions of recession.

The index fell to 49.3 points in February from 50.4 points in January but was still up from 48.3 points in December.

Any score above 50 points indicates growth, while a score below indicates contraction.

"Much of the policy emphasis in Europe has been on capping fiscal deficits and the growth outlook there remains notably weak for that reason," DBS Bank said in a note.

"Growth in the periphery... where budgets are contracting much more severely, will be far worse. Greece is headed for a third year of sharply negative growth and whether it stays in the euro remains an open question," it said.



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