Israeli security officials rejected an Iraqi offer to sell Israel crude oil at 50 percent below the market price, the Israeli daily Ha’aretz reported. The paper said the proposal was conveyed to former Labor Energy Minister Moshe Shahal by a Palestinian businessman acting as an intermediary for Iraq. Shahal said an Iraqi official was willing to meet with him in Tel Aviv to discuss selling the oil within the framework of U.N. sanctions, which allow Iraq to sell oil in order to buy food and other humanitarian supplies for its people.
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