Iran Heads Toward Nuclear `Breakthrough,' Israel Says

Russian contractors are seen working at the Bushehr nuclear reactor site in south of Iran, on April 3, 2007. Photographer: Yalda Moaiery/document IRAN/ Bloomberg News.

Aug. 1 (Bloomberg) -- Iran is on a path toward a ``major breakthrough'' in its nuclear program that is ``unacceptable,'' Israeli Deputy Prime Minister Shaul Mofaz told a Washington audience today.

``It is an existential threat,'' Mofaz said at a forum on Iran at the Washington Institute for Near East Policy. ``We have to make sure we are prepared for every option.''

Mofaz, a former Israeli army chief of staff, is a potential future leader of Israel because of Prime Minister Ehud Olmert's planned departure from office. Mofaz is competing with Foreign Minister Tzipi Livni for control of the ruling Kadima party after Olmert said July 30 that he won't compete in the party's Sept. 17 primary amid a corruption scandal.

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My Comment: The Israeli election is now in full swing .... expect more news on Iran being leaked out in the next month.