Israel tries to cut off Tehran from world markets

January 26, 2007
Israel tries to cut off Tehran from world markets

Israel is launching a campaign to isolate Iran economically and to soften up world opinion for the option of a military strike aimed at crippling or delaying Tehran's uranium enrichment programme.

Pressure will be applied to major US pension funds to stop investment in about 70 companies that trade directly with Iran, and to international banks that trade with its oil sector, cutting off the country's access to hard currency. The aim is to isolate Tehran from the world markets in a campaign similar to that against South Africa at the height of apartheid.