A senior delegation of officials from the UN’s International Atomic Energy Agency (IAEA) will head to Iran later this month for urgent meetings meant to defuse tension over the Islamic Republic’s renegade nuclear program. "I doubt very seriously it will lead to anything," one diplomat frankly admitted, giving voice to a widespread belief in the West that Iran is merely using such meetings to buy time. Elsewhere, Olli Heinonen, former IAEA inspections chief, published an article in Foreign Policy magazine on Thursday in which he estimated that Iran is now within a year of having enough highly enriched uranium to produce a crude nuclear device. He cautioned, however, that it would take further engineering work in order to produce a deployable atomic weapon. "If Iran decides to produce weapons-grade uranium from 20-percent enriched uranium, it has already technically undertaken 90 percent of the enrichment effort required," Heinonen wrote. "What remains to be done is the feeding of 20-percent uranium through existing, additional cascades to achieve weapons-grade enrichment ... This step is much faster from earlier ones."
In related news, the Israeli Foreign Ministry and the security agencies tasked with protecting Israeli diplomats overseas announced on Thursday that they will be tightening up procedures to guard against retaliation by Iran for the assassination earlier this week of one of its top nuclear scientists. Iran immediately blamed Israel and the US for the hit, with an editorial in the regime-linked Kayhan newspaper openly declaring that Iran “should retaliate against Israel for the martyring of our young scientist. These corrupted people are easily identifiable and readily within our reach... assassinations of the Zionist regime’s military men and officials are very easy.”
Meanwhile, the White House issued a statement on Thursday that US President Barack Obama and Israeli Prime Minister Benjamin Netanyahu have spoken by phone and "discussed recent Iran-related developments."
Elsewhere, US allies in Europe and Asia expressed support for harsher diplomatic and economic sanctions against Iran on Thursday, although worries about the impact on the global economy seemed to have a dampening effect on their enthusiasm.
"We expect a slow and gradual implementation of what will eventually become a full embargo," said Mike Wittner from Societe Generale. "Europe has the same concerns about its fragile economy and an oil price spike as the US, probably even more."
As if to prove the point oil prices edged up in late trading on Thursday.
