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October 4, 2012 2:48 pm

Algemeiner Editor Dovid Efune on CNBC: Netanyahu Position on Iran is Better for Oil Markets

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Algemeiner Editor Dovid Efune on CNBC's Closing Bell. Photo: Screenshot.

Algemeiner Editor Dovid Efune appeared on CNBC’s Closing Bell last week, shortly after Prime Minister Netanyahu addressed the Iranian threat in a speech delivered to the United Nations General Assembly.

Efune argued that Prime Minister Netanyahu’s gradual escalation of action regarding Iran is better for oil markets as opposed to a diplomatic path that may lead to the need for sudden military action.

“…the Netanyahu strategy, which is to kind of steadily build up towards a point where action needs to be taken if it boils down to that, and we have seen the markets are climbing, but at a rate that people are able to keep up with it, as opposed to a sudden spike that comes out of nowhere,” he said.

Asked about the effectiveness of creating red lines for Iran as per Netanyahu’s insistence, he said, “what I think we have here a major disagreement between Prime Minister Netanyahu and President Obama as to how to prevent the need for a strike on Iran.”

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“What Netanyahu is coming out and saying is that the only time we have ever seen Iran suspend its nuclear program was back in 2003 when the threat of credible military action was real,” Efune continued.

A clip of the show can be viewed below.

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