Thursday, February 16, 2012

Iran dares the west as it flaunts its nuke power: Oil prices touch six-month high of $120 a barrel on supply worries

Aftershocks of the bomb explosions in New Delhi and Bangkok had barely subsided on Wednesday when Iranian President Mahmoud Ahmadinejad dropped another bombshell by showcasing the country's advancements in nuclear technology - a move seen as Tehran's determination to precipitate a confrontation with the West.

Iran's claim that it has achieved major advances in its programme to master production of nuclear fuel is being seen as a defiant move in response to increasingly tough Western sanctions over its controversial nuclear programme.

Showcasing its nuclear prowess, President Mahmoud Ahmadinejad unveiled on state television what was described as Iran's first domestically produced 20-percent enriched nuclear fuel for Tehran's research reactor.

He said 3,000 more centrifuges had been added to his country's uranium enrichment effort, and officials said new-generation, high-capacity centrifuges had been installed in Iran's Natanz facility.

All this was shown live on state owned English broadcaster Press TV to accentuate the effect.

Using a split screen to show the nuclear rod placement even as he was speaking, it sent shockwaves in the hearts and minds of the western world. Read More