Iran uses its nuclear program to manipulate USA and global economy

Another war in the Middle East is looming. It seems that the USA is seriously considering an opportunity to invade Iran as long as the country proudly reported success in the uranium-enriching research. President George W. Bush said in respond that the USA would be ready to take any measures not to let Iran develop nuclear weapons. When asked if the US administration was thinking about striking a nuclear blow on Iran, Bush said that all variants could be possible, although the US administration would like to solve the problem with the help of negotiations, of course.

Spokespeople for foreign affairs departments of Russia, the USA, China, Great Britain, Germany and France gathered for a meeting yesterday in Moscow. The meeting was devoted to the situation with the Iranian nuclear program. The meeting continued for three hours but brought no results in the end. US Undersecretary for Political Affairs Nicolas Burns, the head of the American delegation at the talks, said that the members of the meeting acknowledged the need to respond to Iran’s blatant violations of international obligations. However, the sides failed to come to any agreement regarding the measures.

In the meantime, the president of Iran does not think twice to threaten his enemies. Making a speech during the Army Day Parade in Teheran, Mahmoud Ahmadinejad said that his country was seeking peace, although it was ready to take the war challenge as well. Iran, Ahmadinejad said, has created a powerful army that would be ready to defend political borders and integrity of the Iranian nation. Moreover, the Iranian president said that his army would cut the hands of any aggressor: "The powerful army of the Islamic Republic of Iran is in the service of peace and security and is no threat to anyone. But in the face of enemies, it is like a meteorite," said Ahmadinejad. "It will cut off the hand of any aggressor and leave the enemy covered in shame," he said.

In the meantime, world markets have lost control over themselves. Oil prices have set a new record in London ($72 per barrel). Another record was set in New York when the prices on oil went higher than the level registered after Hurricane Katrina.

It is worthy of note that it was not only oil that fell victim of the ongoing Iranian controversy. The prices on precious and rare metals skyrocketed as well. The prices on gold reached their maximum in 26 years in NYMEX ACCESS electronic system - $610.1 per ounce. Silver followed the same path and stopped on the highest point in 23 years - $13.315 per ounce. The situation was similar with prices on platinum and palladium.

The state of affairs around the nuclear program of Iran has been getting more and more hopeless lately, which obviously affects world markets. The USA is not likely to attack Iran in the near future despite bellicose statements from President Bush. The Iranian leadership is perfectly aware of that. Being just several steps away from political insanity, Mahmoud Ahmadinejad realizes that the USA is unwilling to unleash another war in the Middle East. Iran’s bravado therefore shows a rather negative influence on the political image of the USA. One can describe it as another Cold War, in which Iran has been the winner so far. Furthermore, this conflict may eventually result in global economic setback.


Translated by Dmitry Sudakov

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Author`s name Dmitry Sudakov