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Slideshow Follow Reuters Facebook Twitter RSS YouTube Read Argentine leader's image falls as inflation soars 26 Aug 2012 Tropical Storm Isaac slogs toward U.S. Gulf Coast | 11:58am EDT Analysis: How Apple overwhelmed Samsung's patent case tactics 10:40am EDT Analysis: Friend and foe; Samsung, Apple won't want to damage parts deal | 11:42am EDT Wall Street edges up as Fed looms; Apple hits new high | 11:48am EDT Discussed 138 Obama’s lead over Romney grows despite voters’ pessimism 122 Romney to announce vice presidential choice Saturday 94 Analysis: Are Israelis tough enough for a long war with Iran? Sponsored Links Netanyahu to keep nest egg clear of Israel-Iran war talk Tweet Share this Email Print Related News Oil drops on reserves release report, storm limits loss Fri, Aug 24 2012 IAEA gets no deal with Iran on bomb research suspicions Fri, Aug 24 2012 U.N. nuclear watchdog pushes Iran to open up military site Fri, Aug 24 2012 Israel accuses Iran of accelerating work towards atomic weapons Fri, Aug 24 2012 U.N. chief to visit Iran in defiance of U.S., Israel Wed, Aug 22 2012 Analysis & Opinion Risk spills over in Middle East Egypt should realize Israel is not the enemy Related Topics World » Israel » Israeli Prime Minister Benjamin Netanyahu gestures as he speaks to students on the first day of school in West Bank Jewish settlement of Efrat, near Bethlehem August 27, 2012. Credit: Reuters/Gali Tibbon/Pool By Steven Scheer JERUSALEM | Mon Aug 27, 2012 10:47am EDT JERUSALEM (Reuters) - Prime Minister Benjamin Netanyahu has dropped plans to revise his investment portfolio, apparently concerned Israelis might think he was trying to avoid any personal financial loss should he opt to go to war with Iran. To prevent conflicts of interest, investments by the prime minister and other Israeli cabinet members are in blind trusts. Netanyahu's office said on Monday he did not want to give "the wrong impression" and had withdrawn a request to the State Comptroller's office to allow him to make investment changes. Reporting on Netanyahu's original plans to reshape his portfolio, local media recalled the conduct of Dan Halutz, chief of Israel's armed forces in the 2006 Lebanon war. Halutz was publicly embarrassed by news that on the eve of that conflict, which he helped to plan, he had telephoned his stock broker to sell some of his securities. Halutz said his action was unrelated to the war. Stepped-up rhetoric by Israeli officials in recent weeks has suggested Israel might soon attack an Iranian nuclear program it sees as a threat to its existence, raising international concern about regional conflict and weighing on Israeli financial markets. Iran denies it is seeking atomic weapons. A government official, rejecting any comparison with Halutz, said Netanyahu had been planning to make changes to his investments in Israel and abroad for more than a year due to turmoil in global financial markets. A committee in the State Comptroller's Office granted Netanyahu's investment revision request earlier this month, but conditioned any change on approval by his cabinet. "Despite the committee's decision, the prime minister informed the State Comptroller in writing last week the committee's recommendations should be brought to the next government, after it is established, and not now," the Prime Minister's Office said. In a statement, opposition leader Shaul Mofaz of the centrist Kadima party said Netanyahu's original desire to revamp his investments showed he was aware "of the danger of Israeli economic collapse" in the event of any "hasty attack" against Iran's nuclear facilities. Mofaz, who took his party out of the governing coalition last month, has accused Netanyahu of planning to lead Israel into war with Iran and of widening a rift with the United States, which opposes any unilateral Israeli attack. Netanyahu on Friday accused Iran of making "accelerated progress towards achieving nuclear weapons" and of "totally ignoring" Western demands to rein in its atomic program. (Additional reporting by Jeffrey Heller; Editing by Alistair Lyon) World Israel Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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