The President of Iran, Mahmoud Ahmadinejad, has announced that Iranian scientists have succeeded in enriching uranium. This is low grade enrichment which is suitable for nuclear fuel but not for nuclear weapons, though it is a big step in that direction.
More concerning is the fact that Mahmoud Ahmadinejad would make such a big announcement. It seems clear he is taunting America and must be hoping that Bush will react by sending in the bombers. That seems like a bloody good reason not to attack. Though I cant help but think that if Bush hasn't reacted and launched the missiles already its only because Colin Powell and Condoleezza Rice have him pinned to the floor and wont let him get to the telephone.
I don't see how there can be any winners in this apart from the fundamentalists on both sides and they are the ones who will get first dibs on the bunks in the fall-out shelters.