Panetta: Iran raid risks world economy

IRIB - US Secretary of Defense Leon Panetta has said that any possible military strike against Iran would have consequences for the world economy.

"I have to tell you… there are going to be economic consequences to that, that could impact not just on our economy but the world economy," he told reporters on Thursday.

The Pentagon chief once again threatened the Islamic Republic with diplomatic pressure and sanctions.

"Obviously to go beyond that raises our concerns about the unintended consequences that could result," Panetta was quoted as saying by Reuters.