US led “The pressure works, it is effective,” Steinitz said. “If we add to this pressure a credible military threat, the chances will be greatly improved.”
The Iranian economy is 18 months away from collapse, Intelligence Minister Yuval Steinitz said Monday.
Intelligence Minister Yuval Steinitz – Photo: Hadas Parush
Steinitz, speaking at a conference at the Begin-Sadat Center for Strategic Studies, said that over the last 18-24 months the international sanctions have caused about $100 billion in damage to the country’s economy, which has an annual $450 billion GDP.







![According to the report, Hezbollah now has long-range missiles capable of carrying chemical warheads [Illustrative picture] - Photo: AFP](https://media.israelhayom.co.il/2013/10/06/138105535452981262a_b.jpg)







Israeli New Shekel Exchange Rate