Israel's Prime Minister Benjamin Netanyahu, Tuesday, May 19, 2015. (Atef Safadi/Pool Photo via AP)
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After a Swiss court reportedly ordered an Israeli oil firm to compensate Iran over a scrapped joint venture, Israel said Thursday that its laws prohibited any payment to "the enemy".Iranian state news agency IRNA said Wednesday that the court had found Israel's Trans-Asian Oil (TAO) liable for payment of $1.1 billion to the National Iranian Oil Company (NIOC).It said that NIOC and an Israeli company had signed an agreement in 1968 to transport Iranian oil to the Jewish state across the Red Sea.But after the 1979 Islamic revolution which overthrew Iran's pro-Western shah, the new regime cancelled the contract because it did not recognize the Jewish state.
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