The United States imposed unilateral sanctions against Iran on October 25, 2007 to complement its efforts towards getting a third set of sanctions through the UNSC.

Iran began clandestinely developing a uranium enrichment programme in the early 1980s and claims that it is for peaceful purposes and solely for civilian use. President Mahmoud Ahmadinejad has claimed that firstly, Iran has no need for nuclear weapons and secondly, that nuclear weapons are forbidden by Islam.

The general impression is that Iran has gained tremendously from rising oil prices, fuelled by its vast oil wealth. In reality, however, given increased domestic consumption coupled with inefficient usage and subsidies, Iran is actually struggling to produce enough oil and gas for export. Without substantial upgrades Iran's oil production is expected to go through a gradual decline. Though Iran has abundant oil reserves, estimated at around 137 billion barrels, it has not even been able to generate its OPEC quota due to lack of technical expertise and skills.

In addition to the earlier run two pilot cascades of 164 centrifuges, Iran has set up two more cascades of 164 centrifuges each despite repeated calls from the UN Security Council to halt enrichment related work. Addressing a mass rally on February 11, 2007 in Tehran to commemorate the 28th anniversary of the Islamic Revolution, an unrelenting Iranian President boasted about continuing advancements in the country's nuclear programme and promised to announce a further surprising achievement by April 9, 2007.

The Board of Governors of IAEA is scheduled to meet on March 6, 2006 to decide the next step after the passage of the February 2006 resolution against Iran. The crisis is deepening fast. The controversies related to Iran's past procurements and associated deeds seem to be far from coming to a close soon.

Russia's concern over Iran's nuclear programme is increasing with every passing day. Iranian authorities are showing un-willingness to accept Russia's proposal to enrich uranium in Russian territory. Russia is trying to resolve an international crisis over Iran's suspected nuclear weapons programme, though its position on Iran has rhetorically moved closer to the European "Troika" (France, Germany, UK). Russia agreed to Iran's referral to the UN Security Council on the condition that the council would take action only after the March 6 IAEA meeting.

The Indian vote at the IAEA in Vienna last week has attracted considerable domestic attention and the fact that New Delhi went along with the US-EU position is being interpreted as a case of being anti-Iranian and furthermore, as a betrayal of the non-aligned block and Third World solidarity. This is invalid and the facts as they have emerged need to be carefully analyzed.