Netanyahu Offers Rome Gas in Exchange for Embassy

Italy's Prime Minister, Giorgia Meloni and Israel's prime minister Benjamin Netanyahu hold a joint press conference following their meeting on March 10, 2023 at Palazzo Chigi in Rome. (Photo by Alberto PIZZOLI / AFP)
Italy's Prime Minister, Giorgia Meloni and Israel's prime minister Benjamin Netanyahu hold a joint press conference following their meeting on March 10, 2023 at Palazzo Chigi in Rome. (Photo by Alberto PIZZOLI / AFP)
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Netanyahu Offers Rome Gas in Exchange for Embassy

Italy's Prime Minister, Giorgia Meloni and Israel's prime minister Benjamin Netanyahu hold a joint press conference following their meeting on March 10, 2023 at Palazzo Chigi in Rome. (Photo by Alberto PIZZOLI / AFP)
Italy's Prime Minister, Giorgia Meloni and Israel's prime minister Benjamin Netanyahu hold a joint press conference following their meeting on March 10, 2023 at Palazzo Chigi in Rome. (Photo by Alberto PIZZOLI / AFP)

Israeli Prime Minister Benjamin Netanyahu offered Italian Prime Minister Giorgia Meloni a deal to sell Rome Israeli gas for a lower price in return for recognizing Israel’s annexation of Eastern Jerusalem, declaring Jerusalem the unified capital of Israel, and moving its embassy from Tel Aviv.

“I believe the time has come for Rome to recognize Jerusalem as the ancestral capital of the Jewish people for three thousand years, as the United States did with a gesture of great friendship,” Netanyahu told Meloni in Rome.

“We are already cooperating in gas with your national company (energy giant ENI) but we want to expand it,” he told Italian Enterprise Minister Adolfo Urso.

“I think we should look very carefully and quickly at the possibility of adding an LNG facility, perhaps in Cyprus, to increase Israel’s export capacities of gas to Italy, and from Italy to Europe.”

“I think [gas] is a strategic need of Italy and Europe, and Israel is prepared to do more with you for that end,” said Netanyahu.

Urso welcomed his comments, saying: “Italy aims to become the European gas hub and Israel must be the point of strength for gas production.”

Italy - like many other European countries - has been working to break its reliance on Russian gas since the outbreak of the war in Ukraine, according to Urso.

Other options to bring Israeli gas to Europe include the EastMed project, the construction of a largely underwater pipeline nearly 1,900 kilometers long, to connect Israel’s offshore gas fields with southern Europe through Cyprus and Greece.

The gas would then be transported via the Poseidon pipeline. But the six-billion-euro project is only expected to be up and running sometime between 2025 and 2027.

Israel began producing and exporting gas after discovering several reservoirs off its coast in the early 2010s. But it lacks a gas pipeline to connect its drilling platforms in the Mediterranean to southern Europe.

“I would like to see more economic cooperation… and I believe closer interactions with your companies will be good for both of us,” Netanyahu said in an interview on Thursday with la Repubblica.

He added, “And we have natural gas: we have plenty of it and I would like to talk about how to bring it to Italy to support its economic growth.”

Netanyahu is scheduled to visit Berlin from Wednesday to Friday where he would meet with Chancellor Olaf Scholz.



US Issues New Sanctions Targeting Chinese Importers of Iranian Oil

FILE PHOTO: A 3D-printed miniature model of Donald Trump and the US and Iran flags are seen in this illustration taken January 15, 2025. REUTERS/Dado Ruvic/Illustration/File Photo
FILE PHOTO: A 3D-printed miniature model of Donald Trump and the US and Iran flags are seen in this illustration taken January 15, 2025. REUTERS/Dado Ruvic/Illustration/File Photo
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US Issues New Sanctions Targeting Chinese Importers of Iranian Oil

FILE PHOTO: A 3D-printed miniature model of Donald Trump and the US and Iran flags are seen in this illustration taken January 15, 2025. REUTERS/Dado Ruvic/Illustration/File Photo
FILE PHOTO: A 3D-printed miniature model of Donald Trump and the US and Iran flags are seen in this illustration taken January 15, 2025. REUTERS/Dado Ruvic/Illustration/File Photo

The United States on Wednesday issued new sanctions targeting Iran's oil exports, including against a China-based "teapot refinery", as President Donald Trump's administration seeks to ramp up pressure on Tehran.
The US Treasury Department said in a statement the action would increase pressure on Chinese importers of Iranian oil as Trump seeks to restore his "maximum pressure" campaign on Iran, which includes efforts to drive its oil exports down to zero, Reuters reported.
The action comes as the Trump administration has relaunched negotiations with Iran over its nuclear program this month, with talks in Oman last weekend and a second round expected in Rome this weekend.
The Treasury on Wednesday said it imposed sanctions on a China-based independent "teapot" refinery it accused of playing a role in purchasing more than $1 billion worth of Iranian crude oil.
Washington also issued additional sanctions on several companies and vessels it said were responsible for facilitating Iranian oil shipments to China as part of Iran's "shadow fleet".
Iran's mission to the United Nations in New York and China's embassy in Washington did not immediately respond to requests for comment.
China does not recognize US sanctions and is the largest importer of Iranian oil. China and Iran have built a trading system that uses mostly Chinese yuan and a network of middlemen, avoiding the dollar and exposure to US regulators.
"Any refinery, company, or broker that chooses to purchase Iranian oil or facilitate Iran’s oil trade places itself at serious risk," Treasury Secretary Scott Bessent said in the statement.

"The United States is committed to disrupting all actors providing support to Iran’s oil supply chain, which the regime uses to support its terrorist proxies and partners."
The Treasury on Wednesday also updated guidance for shipping and maritime stakeholders on "detecting and mitigating Iranian oil sanctions evasion," warning, among other things, that Iran depends on a vast shadow fleet to disguise oil shipments.
The Treasury said it was the sixth round of sanctions targeting Iranian oil sales since Trump restored his "maximum pressure" campaign on Iran, which includes efforts to drive its oil exports down to zero in order to help prevent Tehran from developing a nuclear weapon.
In his first 2017-21 term, Trump withdrew the US from a 2015 deal between Iran and world powers that placed strict limits on Tehran's uranium enrichment activities in exchange for sanctions relief. Trump also reimposed sweeping US sanctions.
Since then, Iran has far surpassed that deal's limits on uranium enrichment.
Western powers accuse Iran of having a clandestine agenda to develop nuclear weapons capability by enriching uranium to a high level of fissile purity, above what they say is justifiable for a civilian atomic energy program. Tehran says its nuclear program is wholly for civilian power purposes.
"All sanctions will be fully enforced under the Trump Administration’s maximum pressure campaign on Iran," State Department spokesperson Tammy Bruce said in a separate statement on Wednesday.
"As long as Iran attempts to generate oil revenues to fund its destabilizing activities, the United States will hold both Iran and all its partners in sanctions evasion accountable."