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Full Article Images of January Best photos of the year 2011 Follow Reuters Facebook Twitter RSS YouTube Read Will Maine give Republican Paul his first win? 10 Feb 2012 Former New Orleans Mayor Ray Nagin under investigation: source 7:16am EST Greece warns bailout rebels of unknown, dangerous path | 10:39am EST Iran to announce nuclear progress: Ahmadinejad | 10:07am EST Twitter, Weibo Spread Rumors of North Korean Leader Kim Jong-un's Assassination 10 Feb 2012 Discussed 486 FBI warns of threat from anti-government extremists 160 House Speaker Boehner vows to stop Obama contraceptive rule 127 Santorum wins Missouri Republican primary, TV networks projects Watched Huge baby shocks parents Tue, Feb 7 2012 The Exchange: Guns, Strippers and Money Tue, Feb 7 2012 Thousands rally across Iran 5:00am EST Iran to announce nuclear progress: Ahmadinejad Tweet Share this Email Print Related News Asia giants join Iran diplomacy as sanctions hurt trade Fri, Feb 10 2012 Iran turns to barter for food as sanctions cripple imports Thu, Feb 9 2012 Iran turns to India for wheat as palm oil dries up Thu, Feb 9 2012 Signs build that Iran sanctions disrupt food imports Wed, Feb 8 2012 Iran says can hit U.S. interests worldwide if attacked Wed, Feb 8 2012 Analysis & Opinion Iran’s President Ahmadinejad wants Pope Benedict to visit Tehran Have you seen this Fukushima child? Related Topics World » Related Video Thousands rally across Iran 5:00am EST EDITORS' NOTE: Reuters and other foreign media are subject to Iranian restrictions on leaving the office to report, film or take pictures in Tehran. Iran's President Mahmoud Ahmadinejad speaks during a ceremony to mark the 33rd anniversary of the Islamic Revolution, in Tehran's Azadi square February 11, 2012. Ahmadinejad said on Saturday the Islamic Republic would soon announce ''very important'' achievements in the nuclear field, state TV reported. Credit: Reuters/Raheb Homavandi By Parisa Hafezi and Mitra Amiri TEHRAN | Sat Feb 11, 2012 10:07am EST TEHRAN (Reuters) - Iranian President Mahmoud Ahmadinejad said Saturday that the Islamic Republic, targeted by tougher Western sanctions, would soon announce advances in its nuclear program. He was speaking on the 33rd anniversary of the Islamic revolution that toppled the U.S.-backed Shah. Tens of thousands of Iranians joined state-organized rallies to mark the occasion. "In the coming days the world will witness Iran's announcement of its very important and very major nuclear achievements," Ahmadinejad told a crowd at Tehran's Azadi (Freedom) Square in a speech relayed live on state television. Demonstrators carrying Iranian flags and pictures of Supreme Leader Ayatollah Ali Khamenei chanted "Death to Israel" and "Death to America." Ismail Haniya, who heads the Islamist Hamas administration in the Gaza Strip, also attended the ceremony. Ahmadinejad gave no details of how Iran's nuclear work, which Tehran says has only peaceful purposes, has progressed. The United States and Israel, a country which Iran does not recognize, have not ruled out military action if sanctions fail. Iran has warned of a "painful" answer, saying it would hit Israel and U.S. bases in the Gulf as well as block the vital Gulf oil shipping route through the Strait of Hormuz. "If attacked by the Zionist regime (Israel), we will turn it to dust," said a Revolutionary Guards commander, Mohammad Shirdel, semi-official Fars news agency reported Saturday. "Thousands of our missiles will target Israel and the 40 bases of America in the region," he added. The nuclear dispute has fuelled tension as the West tightens sanctions. The European Union has agreed to ban Iranian oil imports by July and to freeze the assets of Iran's central bank. Its measures reinforce those imposed by the United States as the West tries to force Tehran to return to talks before it produces enough nuclear material for an atomic bomb. Neither side has shown much appetite for compromise. Iran says it will fight EU sanctions with counter-measures and its parliament plans legislation to ban oil exports to the EU. Iranian officials brush off the impact of sanctions, while also proclaiming that Iranians will endure any hardship in support of their country's right to nuclear technology. "I am saying openly that if you (the West) continue to use the language of force and threat, our nation will never succumb to your pressure," Ahmadinejad said. IMPACT OF SANCTIONS Industry analysts say sanctions are hitting Iran's vital oil sector and say falls in crude output and exports will speed up. Global oil flows are realigning even though the EU ban on imports from Iran only takes effect in July, the International Energy Agency said in its monthly Oil Market Report Friday. Asia's two giants, China and India, want to head off new sanctions on Iran. China, Iran's biggest trade partner, is one of six major powers involved in nuclear talks with Tehran. Ahmadinejad, echoing Iran's official stance, said fresh nuclear talks would be welcome. The last round collapsed a year ago over Iran's refusal to halt its uranium enrichment work. "They say we want to negotiate. That is fine with us, we have been always ready to hold talks in the framework of justice and mutual respect," Ahmadinejad said. "The Iranian nation will not withdraw even one iota from its path." Western nations say talking is pointless unless uranium enrichment is on the table, something Iran refuses to discuss. Iran's economy is around 60 percent reliant on oil. The country is heavily dependent on food imports, buying 45 percent of its rice and most of its animal feed abroad. Sanctions-linked trade snags risk fuelling already high inflation, which Iranian critics blame on Ahmadinejad's economic policies. The official inflation rate exceeds 20 percent. But Ahmadinejad said the economy was "flourishing," reeling off figures to back his contention. Critics have in the past accused the government of falsifying economic statistics. "We have saved over $30 billion for rainy days," he said. "Iran's non-oil exports will reach over $43 billion by March ... Iran's imports in the past 10 months dropped five percent." Following reforms under which the government phased out hefty subsidies on staples like food and fuel since 2010, Ahmadinejad said billions were saved by not importing petrol. "We were importers of fuel but ... now we are among main exporters of fuel and oil products," he said. Fresh U.S. and EU financial sanctions are snarling Iranian payments for staple food and other imports, causing hardship for its 74 million people weeks before a parliamentary election. The election will be Iran's first since a disputed presidential vote in 2009, which the opposition says was rigged to secure Ahmadinejad's re-election. That sparked eight months of street protests which the government forcibly suppressed. (Reporting by Parisa Hafezi; Editing by Alistair Lyon) World Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (21) kenradke11 wrote: Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Advertise With Us Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. 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