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Report: Iran war could cost Israel economy $42 billion

Israel's economy would incur damages of as much as 167 billion shekels ($42 billion) should Israel attack Iran over its nuclear program, business information group BDI-Coface has projected.

Obama: Diplomacy still the way to stop Iran nukes, but military option on table

President Obama said it was still possible to resolve Iran's suspected bid for a nuclear weapon through diplomacy, but added that a military option was still on the table and that containment was not an option.

Divided by common foe, Israel and U.S. tangle over Iran

Ever since their first awkward encounter - a hastily arranged meeting in a custodian's office at a Washington airport in 2007 - Iran has been one of the few issues on which Barack Obama and Benjamin Netanyahu have been able to find some common ground.

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