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Detailed text transcripts for TV channel - FOXNEWS - 20111230:00:04:00

threat from iran is the push by the u.s. to stop buying iranian oil. state department official says the sanctions are starting to pinch. the president s critics say the sanctions still aren t doing what they are supposed to do which is to get iran to end its nuclear ambitions. harris: hairs with all the tensions rising overall saudi arabia dropped some serious cash on military. saudis are buying $30 billion of u.s. fighters and fighter parts in a move seen as win-win situation for the u.s. the saudis will act as a source multiplier for u.s. power in the region. they will train with u.s. fighters. their plans will communicate with ours. experts say the object of the fighter sale is iran. this would be aimed mainly at iran or at sort of iranian interference in the wider region. obviously the saudis are concerned not only about what iran is doing in iran and in iran s immediate environment. what they are doing in iraq

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