Panetta: Iran Sanctions Starting To Bite

By JTA

Published July 31, 2012.

On the eve of his visit to Israel, Defense Secretary Leon Panetta said that though tough international sanctions have not yet caused Iran to drop its nuclear ambitions, they would eventually persuade the regime to “do what’s right.”

Speaking in Tunisia on Monday, Panetta said that the sanctions have caused significant damage to Iran’s economy, according to the Associated Press.

“These sanctions are having a serious impact in terms of the economy in Iran,” he told reporters, according to the AP. “And while the results of that may not be obvious at the moment, the fact is that they have expressed a willingness to negotiate and they continue to seem interested in trying to find a diplomatic solution.”

As Iran’s alleged quest for a nuclear weapon continues, Israel’s leadership has raised the possibility of striking Iran’s nuclear facilities, a move that the Obama Administration has argued is premature at this point. The administration has, however, repeatedly declared that “all options” are on the table.

Panetta will meet with Israeli leaders on Wednesday.

Also on Monday, members of the Senate and House of Representatives agreed on a bill to further reduce Iranian oil revenues.

How to deal with Iran’s nuclear program has been a central foreign policy issue of the presidential campaign.



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