Iran admits second nuclear enrichment site

Seems to be big news.

Iran's nuclear plant admission brings sanctions showdown nearer

US, UK and France threaten tough new measures but Ahmadinejad is defiant

The Iranian nuclear crisis reached a pivotal moment todayafter Tehran was forced to admit it was building a secret uranium enrichment plant - a move that brought the prospect of a dramatic showdown over international sanctions a step nearer.

The leaders of US, Britain and France broke away from the G20 summit in Pittsburgh to condemn the Iranian regime after it informed the International Atomic Energy Agency (IAEA) of the development. President Barack Obama said western intelligence agencies had known of the secret plant - near the holy city of Qom, a seat of Shia learning - for more than two years. He demanded that Iran allow UN inspectors into the plant and take concrete steps to restore "confidence and transparency" in the country's nuclear programme.

"The bar for Ahmadinejad has just been raised," said one official.

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Some of the proposed sanctions would be on oil and gas - which previously Russia described as an embargo and like war.

So what do people think? Is Iran a threat? Should it be sanctioned?

And is it just convenient that the sanctions will be on oil and gas shortly after Iran (I think has) moved to oil/gas trade in euros?

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