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Via Ynet:

Israeli security officials on Saturday tried to downplay the Pentagon’s decision to significantly scale back its participation in a joint military exercise with Israel next month, but some government officials said the decision came as a response to the growing tensions between Prime Minister Benjamin Netanyahu’s office and the Obama administration.

“This is the Obama administration’s response to the dinner party Netanyahu held in (Mitt) Romney’s honor,” a senior member of the political-security cabinet told Ynet, while another official said the Pentagon’s decision “isn’t boosting deterrence and is not making the Iranians sweat.

“Regardless of the exercise, the relations between Israel and the US have soured,” another minister said, while another added cynically that “our relationship has never been better.

“The US elections are in two months, and there is no doubt that President Barack Obama, if he is reelected, will make Netanyahu pay for his behavior,” said the security cabinet member. “It will not pass quietly.”