Iran General NewsReport: Israel, Iran holding debt talks

Report: Israel, Iran holding debt talks

-

AP: While Iran continues to deny that Israel has the right to exist, representatives of the two countries are holding clandestine talks in Europe to settle an old Israeli debt, a newspaper reported Wednesday. Associated Press

By MATTI FRIEDMAN

Associated Press Writer

JERUSALEM (AP) – While Iran continues to deny that Israel has the right to exist, representatives of the two countries are holding clandestine talks in Europe to settle an old Israeli debt, a newspaper reported Wednesday.

Iran is still owed hundreds of millions of dollars for oil it supplied to Israel in the years before the Islamic Revolution in 1979 and the two countries, now sworn enemies, are holding contacts meant to settle the debt, according to the report in the daily Haaretz citing anonymous Israeli and Swiss officials involved in the negotiations.

Israel and Iran had a close relationship in the 1950s, 60s and 70s, when Iran was ruled by the pro-Western Shah. Israeli companies were given large construction contracts in Iran, the countries cooperated on security and weapons development, and, according to the report, a joint Israeli-Iranian company, Trans Asiatic Oil Ltd., supplied Iranian oil to Israel.

In 1979, when Shiite clerics ousted the Shah, Iran cut off all contacts with Israel, leaving an Iranian debt to Israeli companies for services rendered and a much larger Israeli debt to Iranian oil suppliers, according to the report.

Two mediation processes involving different parts of the debt are now ongoing between Iranian and Israeli representatives, the report said, and a third ended recently in a ruling that Israeli fuel companies owe Iran tens of millions of dollars.

The Israeli Foreign Ministry and international mediation concerns in Geneva refused to comment.

Iranian President Mahmoud Ahmedinejad has repeatedly denied that Israel has the right to exist and has called for the destruction of the Jewish state. Israel fears that Iran’s nuclear program is intended for that purpose.

Latest news

Iran Regime’s Ministry of Culture’s Decision To Eliminate Children’s Intellectual Centers

With the so-called ‘Cultural Revolution’ which took place between 1980 and 1983, the Iranian regime tried to purge the...

Water Shortage Crisis and the Destruction of Iran’s Water Resources

Iran is currently suffering from a number of dangerous natural disasters. One of the most worrying is the drying...

Economic Freedom Under the Rule of the Mullahs in Iran

The Fraser institute published its annual report of the index of economic freedom on September 8, which measured the...

Iran’s Regime Continues Its Internet Restriction Project

This is part of the outlook of a document by the Iranian regime’s Supreme Council of Cyberspace, which has...

Iran’s Human Development Index Dropped Sharply

One of the most common questions asked in primary schools by teachers all over the world is, “wealth or...

Narcotics Iran Regime’s Income Source for Terrorism

Besides Iran’s malign activities, such as its regional interference, and missile and nuclear projects, drug trafficking plays a major...

Must read

Iran says oil would go over $250 if exports banned

Reuters: Iran warned the West on Sunday any move...

Google warns of password-stealing campaign in Iran

AFP: Google on Wednesday said that it has been...

You might also likeRELATED
Recommended to you