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Online Stock Market Trading Friday, 24th September 2004
Reuters

"Iran's nuclear fuel must be produced inside the country, " Iranian nuclear chief Gholamreza Aghazadeh told reporters in Tehran after meeting Igor Ivanov, Secretary of Russia's Security Council. Britain, France and Germany have drafted a proposal offering Iran the chance to transfer its uranium enrichment activities to Russia, an EU diplomat told Reuters on Friday. EU diplomats say Iran could soothe international fears its uranium is intended for use in warheads by handing over the enrichment process to Russia.

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Iran warned the European Union on Saturday it would never surrender its right to nuclear fuel, talking tough only two weeks before EU diplomats are due to present final proposals to break Iran's atomic impasse. Tehran says it has every right to enrich the uranium it mines in its central deserts into fuel for nuclear power stations but Washington argues this fuel is destined for atomic warheads.

Stock Market Game VIENNA - European countries are losing patience with Iran over its nuclear program, diplomats said on Friday, as France's foreign minister insisted Tehran must assure the world it does not plan to acquire nuclear weapons.

"The Iranian people will retain their rights and nothing special will happen, " he said. In Vienna, Europe's top three powers distributed a draft resolution at the UN atomic watchdog Monday calling for Iran to be reported to the Security Council this week over its nuclear fuel work, diplomats told AFP. "We're going for referral this week, " a Western diplomat said, confirming that the United States, as well as EU negotiating trio Britain, France and Germany, had lost patience with Iran.

Stock Investing Game Western diplomats close to negotiations between Britain, France and Germany and Iran said the European trio might soon be ready to support U.S. demands to refer Tehran's nuclear program to the U.N. Security Council in November.

Europe' related, diplomats told AFP. "We're going for referral this week, " a Western diplomat said, confirming that the United States, as well as EU negotiators Britain, France and Germany, had lost patience with Iran.

Journal Prime Rate Street Wall Iran, defying calls by the U.N. nuclear watchdog, said earlier this week it had begun processing raw uranium to prepare it for enrichment -- a process that can be used to develop nuclear bombs.

Western diplomats have said Iran was using a loophole in a deal with EU nations on freezing enrichment activity to finish some limited conversion of uranium begun before the suspension took effect in November. Blair told Israel's Channel 1 he was intent on "making sure that Iran complies with the rules of the atomic energy authority. We've got undertakings from Iran ... we've got to make sure those are bolted down properly and implemented."

Stock Market News "It looks like Iran is going to the Security Council," said one diplomat, who declined to be named. "People now are discussing what will happen when it goes there."

Stock Investing Basics The European trio have been trying for over a year to persuade Iran to abandon its enrichment program, resisting U.S. calls for tougher action to isolate and punish Tehran.

Stock Investing Software French Foreign Minister Michel Barnier said Iran urgently needed to reassure the international community about its nuclear program, which Tehran says is purely for nuclear energy.

Stock Market Trading "We are exactly at the time we need to be reassured and this is what we have told the Iranians," he told reporters in New York, where he was attending the U.N. General Assembly.

Stock Investing For Dummy "We are concerned that Iran is moving into research programs which might lead to nuclear weapons," he said. "Assurances must be given that Iran that does not wish to and shall not acquire nuclear weapons.

Stock Market Crash "The other alternative, if we are not reassured, is naturally to submit this question to the Security Council," Barnier said. "But for the time being, I still want to believe that we will keep the spirit of this contract, and it is in the interest of Iran and the interest of stability in the region."

Stock Investing Tip It is not clear what would happen after any referral to the Security Council. Diplomats say its members would be unwilling to risk pushing up oil prices by imposing oil sanctions.

Stock Market Chart But they said the Security Council could start with a strong statement urging Iran to co-operate with the International Atomic Energy Agency (IAEA).

Online Stock Investing Such a statement would be likely to win support from permanent Security Council members Russia and China, they said.

Stock Market Crash Of The United States and Israel have hinted at the possibility of military action to take out Iran's nuclear infrastructure.

Stock Investing For Beginner Earlier this week, Israeli officials said they were buying 500 U.S. "bunker buster" bombs capable of penetrating Iran's underground nuclear facilities.

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Stock Market Report Washington says Iran is developing nuclear bombs and has been demanding since last year that the IAEA's 35-member board report Iran to the Security Council for concealing its enrichment program for two decades.

Finance Investing Stock Market Last October, Iran promised the EU trio it would suspend all enrichment activities. But while Iran has not enriched any uranium, it has continued building and testing centrifuges and has begun processing uranium.

Wall Street Journal Com Diplomats and intelligence officials have told Reuters in recent interviews that once Iran has enough uranium feed material for its centrifuges, it will begin enriching it.

Stock Market Investing Advice Negotiations between the EU trio and Iran will continue in the hope that Tehran will agree to a full freeze, but diplomats close to the talks said this was unlikely.

Street Trader Wall Another diplomat said it would be "very Iranian" if Tehran agreed to a suspension right before an IAEA board meeting due to discuss Iran on Nov. 25, but this would not be enough.

Indian Stock Market "The resolution called for an immediate suspension of the enrichment program," said a Western diplomat on the IAEA board. "It is already too late."

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