Get ready for some military action against Iran. Because they’re playing with fire and I’m certain that the US and its allies will be none too pleased.

From The Guardian:

The Iranian government has been successfully scouring Europe for the sophisticated equipment needed to develop a nuclear bomb, according to the latest western intelligence assessment of the country’s weapons programmes.

Scientists in Tehran are also shopping for parts for a ballistic missile capable of reaching Europe, with “import requests and acquisitions … registered almost daily”, the report seen by the Guardian concludes.

The warning came as Iran raised the stakes in its dispute with the United States and the European Union yesterday by notifying the International Atomic Energy Authority that it intended to resume nuclear fuel research next week. Tehran has refused to rule out a return to attempts at uranium enrichment, the key to the development of a nuclear weapon.

And this from The Belgravia Dispatch:

I was talking to a hedge fund manager today who had research crossing his desk guess-timating an approx 25% chance of a military strike on Iran in ’06. I still think it’s lower, but others, er, don’t….

Alright, I’m going to go out on a limb and say that there’s a 50% chance we’ll see some form of military action against Iran this year. It’ll come after the mid-terms, but I think it’s likely to happen. Iran’s stick is too big and they’re poking the giant too hard.

Okay, so what do you think? Odds?

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