"We have made it crystal clear - in all possible forums, that Israel will not stand by and watch Iran develop weaponry that will put us, the entire Middle East and eventually the world, under an Iranian umbrella of terror," Danny Danon, Israel's deputy defense minister told USA TODAY.
The time limit for action was set at no more than 4 weeks. The ultimatum was set Oct 25th. Four weeks from the ultimatum is Nov 22nd, "The clear red line."
The Israelis remember two lessons:
- In the 6 Day War preemptive strikes decimated a growing risk.
- In the Yom Kipper War the threats were known, understood and discounted. The surprise attack nearly ended their national existence.
Consequences of an Israeli-Iranian war are not currently factored into prices in the oil markets. (NYSEARCA:UGA) and (RBOB) have not reflected the supply disruptions that will certainly occur.
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