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Israel’s Finance Minister Yuval Steinitz claims Iran will be able to target the US by intercontinental missiles, which it aims to build by 2015.
"They are working now and investing a lot of billions of dollars in order to develop intercontinental ballistic missiles," he told CNBC.
"And we estimate that in two to three years they will have the first intercontinental ballistic missiles that can reach the east coast of America," Steinitz said.
"So their aim is to put a direct nuclear ballistic threat... to Europe and to the United States of America," former chairman of the Israeli parliament's foreign affairs and defense committee said.
Earlier this month, Israel's Deputy Prime Minister Moshe Ya'alon claimed Iran is developing a missile with a 10,000-kilometer range which is capable of reaching the US East Coast.
Tel Aviv has been trying to persuade the international community that the Islamic Republic, which is a member of the International Atomic Energy Agency (IAEA), is a threat even to the US and should be stopped.
This is while due to its policy of “nuclear ambiguity,” Israel does not allow any inspection of its nuclear program by international inspectors.
Israel, which is widely believed to possess over 200 atomic warheads as the only possessor of nukes in the Middle East, also refuses to join the IAEA and or to become a signatory to the Nuclear Non-Proliferation Treaty (NPT).
The US, Israel and some of their allies accuse Tehran of pursuing military objectives in its nuclear program, using this pretext to impose sanctions against Iran and threaten the country with military attack.
However, the IAEA has never found any evidence indicating that Tehran's civilian nuclear program has been diverted towards nuclear weapons production.
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