You know, we really thought that this new round of sanctions would work. Guess not:

Iran has produced its own nuclear fuel pellets of enriched uranium for the first time to power its under construction heavy water research reactor, Vice President Gholam Reza Aghazadeh said Saturday according to the state news agency. Iran has long been working on its uranium enrichment capability to fuel its developing nuclear power program, including a 40-megawatt heavy water nuclear reactor under construction in Arak in the center of the country. The announcement indicates they have finally completed the nuclear fuel cycle.

All that sophisticated liberal analysis of how Iran can't possibly have the infrastructure to go nuclear - not so sophisticated, it turns out? Which isn't stopping Obama from relying on the same community of advisers for his Iran policy:

At the top of his foreign policy agenda is Iran. Tehran is still Washington’s No. 1 state nemesis, but the new President Obama has a different approach: Unlike his predecessors who eschewed talking to Iran’s leaders, Mr. Obama will engage in aggressive personal diplomacy and offer economic incentives and a possible promise not to seek regime change if Iran starts cooperating with United States foreign policy goals. In short, Mr. Obama will talk to Iran without pre-conditions. As he told The New York Times in an interview last month,"“I think it is important for us to send a signal that we are not hellbent on regime change, just for the sake of regime change, but expect changes in behavior." He added that he would be "willing to talk about certain assurances in the context of them showing some good faith."... Most foreign policy analysts agree with Mr. Obama - on the surface.

Of course they do.

References:
* Iran: New Sanctions Will Be Met By "Tidal Wave Of Resistance" [MR]
* Iran: We have nuke fuel pellets [AP]
* No Conditions for Talking to Obama, but Many Questions [NYT]

Previously:
* Russia Gives Iran Cutting-Edge Anti-Ship Missiles To Give To Hezbollah
* Photographs To Help Explain Why There Are No Homosexuals In Iran [Content Warning: Graphic Photos] (Updated: Video Added)
* Iran: Israeli Self-Defense is a Cause for War