“Iranian scientists achieved the breakthrough in line with a policy of “nuclear energy for all and nuclear weapons for none,” the Islamic Republic News Agency said. It shows that Iran won’t be intimidated and will pursue its technological advancement, the Iranian Students News Agency said.

The announcement comes at a time of increased tension between Iran and western powers over its nuclear activities, with tighter sanctions imposed by the U.S. and European Union that restrict trade and financial transactions.

Israel, which Iran does not recognize, has said time is running out for sanctions to work as a deterrent to nuclear weapons development in the Islamic republic, and Israeli leaders have said a military strike may be needed.” — Bloomberg

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Still no resolution on this front.  Time is running out and a major “unforeseen” event is increasing in probability.  Oil has broken through $101 on a build in the “war premium.”