Nuclear Blackmail

Iran reacts to the Nobel prize awarded to Mohamed ElBaradei and the International Atomic Energy Agency (IAEA):

“We congratulate Mr ElBaradei … but he should try not to let the IAEA fall into the hands of the great powers,” he told a news conference.

According to Reuters the IAEA:

“has been investigating Iran’s nuclear program for almost three years and last month its 35-member board of governors passed a resolution which could see Tehran’s case referred to the U.N. Security Council for sanctions.

The approved resolution was drafted by countries from the European Union. Iran often accuses rich western nations of flexing political and commercial muscle to put pressure on IAEA board members. Only Venezuela voted for Iran.”

That almost unanimous line up against Tehran must be more than a little inconvenient for the Mullahs who want to pretend it’s only the Great Satan and its pack of horned poodles who have concerns about the development of the Iranian bomb.

But what can be done to shift the balance in the Islamic Republic’s favour?

Tehran has also threatened to review trade ties, particularly in its oil sector, with countries that voted against it at the IAEA board of governors.

Time to resurrect the old ‘It’s all about oil’ slogan as this matter develops over the coming weeks and months.