Iran trumpets nuclear advances, deepening standoff with West

(Reuters) - Iran proclaimed advances in nuclear know-how on Wednesday, including new centrifuges able to enrich uranium much faster, a move that may hasten a drift towards confrontation with the West over suspicions it is seeking the means to make atomic bombs.

Tehran's resolve to pursue a nuclear program showed no sign of wavering despite Western sanctions inflicting increasing damage on its oil-based economy.

"The era of bullying nations has past. The arrogant powers cannot monopolize nuclear technology. They tried to prevent us by issuing sanctions and resolutions but failed," President Mahmoud Ahmadinejad said in a live television broadcast.

"Our nuclear path will continue."

However, Iran's Arabic-language Al Alam television said the government had handed a letter to EU foreign policy chief Catherine Ashton expressing readiness to "hold new talks over its nuclear program in a constructive way."

For full article: http://www.reuters.com/article/2012/02/15/us-iran-idUSTRE81E0RF20120215