A leading Israeli investment firm said on Thursday any military strike
on Iranian nuclear facilities would exact an economic price too high for
the world to accept, and as a result, it would likely acquiesce to a
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, said Amir Kahanovich, chief economist at Clal Finance,
one of Israel's largest brokerage houses.
The assessment differed sharply from Israel's official position that
Tehran's nuclear aspirations are unacceptable and that all options are
on the table in preventing a nuclear-armed Iran, which it views as a
threat to its existence.