I don't think so. For one thing, Cyprus and Israel cooperate on a great many things, including intelligence operations. You may recall that the Cypriots siezed an arms-bearing ship destined for Lebanon at Israel's request. Cyprus is also sharing in the huge natural gas fields discovered by Israel. Most shipping companies that defy the Arab boycott of Israel simply avoid the issue of sailing to Israel by drop-shipping to Nicosia, and transferring the cargo to a ship which then sails on to Haifa or Ashdod. Cyprus is a friend. Actually, rather a good one.
Besides, disposing of him quietly does nothing to embarrass Iran internationally. First, the public outing. This idiot will likely have an unfortunate accident down the road, but for now, he is needed alive, well and talking.