Report: Israel, U.S. Discuss New Iran Sanctions

Israel and the United States are discussing a new raft of sanctions that could be imposed on Iran if the next round of talks between world powers and Tehran fail, Israeli daily Haaretz reported on Monday.

U.S. Treasury Undersecretary David Cohen said in an interview with the newspaper the sanctions would be imposed if talks in Russia slated for mid-June failed to halt Iran's nuclear program.

Iran and the so-called P5+1 powers, comprising the United States, Russia, France, Britain, China and Germany, have held two rounds of talks already, and are scheduled for third meeting in Moscow on June 18-19 as a July 1 deadline looms for the enforcement of an EU embargo on Iranian oil.

"If we don't get a breakthrough in Moscow there is no question we will continue to ratchet up the pressure," said Cohen, who coordinates U.S. sanctions policy against Iran.

"The important point for the Israeli public to understand and for the Iranian leadership to understand is that if we are not able to make progress on the diplomatic track there is additional pressure that can be brought to bear on the pressure track."

Cohen, who arrived in Israel on Sunday for talks on sanctions against Syria and terrorist financing, said Washington was consulting closely with Israel on the issue, Haaretz reported.

"We have today and over the past years had very close cooperation with the Israeli government across a range of our sanctions programs. They are a very good partner. They are creative. They are supportive and we will continue to consult with the Israelis," he said.

The international community has been pursuing a negotiated solution to Iran's nuclear program, which Tehran insists is for peaceful civilian energy and medical purposes but the international community believes hides a weapons drive.

Israel, the Middle East's sole if undeclared nuclear power, has warned that an Iranian nuclear capability would pose an existential threat to the Jewish state.

It has consistently warned that all options remain on the table to prevent Iran from going nuclear, including a military strike.