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Slideshow Download our Wider Image iPad app Images of October Follow Reuters Facebook Twitter RSS YouTube Read After Obama win, U.S. backs new U.N. arms treaty talks 07 Nov 2012 China submarines to soon carry nukes, draft U.S. report says 2:01am EST Republican strategist Karl Rove's very bad night 07 Nov 2012 Obama win shows demographic shifts working against Republicans 1:21pm EST Galaxy S3 takes No. 1 position in smartphone market: research 8:58am EST Discussed 195 Jobless rate seen rising, offering Obama no relief 170 Fuel scarce, East Coast struggles to recover 164 White House race goes down to the wire Sponsored Links Iran's Ahmadinejad says anyone stockpiling atom bombs "retarded" Tweet Share this Email Print Factbox Factbox: U.S. candidates Obama and Romney on foreign policy Tue, Nov 6 2012 Related News Obama, buoyed by election win, faces new battles 6:37am EST Obama victory opens negotiating window with Iran Wed, Nov 7 2012 Scorecard: Projected results in the Electoral College Wed, Nov 7 2012 Canada firms to capitalize on nuclear trade with India Tue, Nov 6 2012 Analysis & Opinion Counterparties: The hunt for spurious causality An optimistic vision of Obama’s second term Related Topics World » Middle East Turmoil » Related Video Ahmadinejad among leaders at Bali democracy forum 6:00am EST 1 of 3. Iranian President Mahmoud Ahmadinejad speaks during a news conference in Nusa Dua, Bali November 2012. Ahmadinejad is in Bali to attend the 5th Bali Democracy Forum. Credit: Reuters/Stringer By Trisha Sertori NUSA DUA, Indonesia | Thu Nov 8, 2012 12:38pm EST NUSA DUA, Indonesia (Reuters) - Iranian President Mahmoud Ahmadinejad said on Thursday the age of nuclear deterrence was long gone and any country still stockpiling nuclear weapons was "mentally retarded". He again denied Iran was trying to develop nuclear weapons, a day after the re-election victory of U.S. President Barack Obama, for whom Tehran's disputed nuclear program will be one of the thornier foreign policy issues of his second term. "The period and era of using nuclear weapons is over ... Nuclear bombs are not anymore helpful and those who are stockpiling nuclear weapons, politically they are backward, and they are mentally retarded," Ahmadinejad told reporters at a forum to promote democracy on the Indonesian island of Bali. "The Iranian nation is not seeking an atomic bomb, nor do they need to build an atomic bomb ... For defending ourselves we do not need a nuclear weapon," said Ahmadinejad. He added that representatives of any government or agency could visit the Islamic Republic to verify that it was not developing nuclear weapons. Iran says it is enriching uranium only for peaceful energy purposes but it restricts access for U.N. nuclear inspectors and concealed some sensitive sites from them in the past. The West has imposed increasingly harsh and far-reaching sanctions on Iran over suspicions it is trying to design a nuclear weapon in secret. Sanctions include curbs on imports of the OPEC member's oil and on its sources of financing, battering its economy this year and putting Ahmadinejad under pressure. The hardline conservative president said he was open to talks with Obama on forging peace around the world and called for the dismantling of all U.S. military bases abroad. Obama's re-election may open an opportunity for new negotiations with Iran on agreeing constraints to its nuclear program, with sanctions piling economic pressure on its theocratic leaders. Obama's Republican rival in the presidential election, Mitt Romney, had pledged a more hawkish approach to Iran had he won. Ahmadinejad dismissed the U.S. election as a "battleground for the capitalists". (Writing by Neil Chatterjee; Editing by Mark Heinrich) World Middle East Turmoil 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 (11) ronj1955 wrote: Edition: U.S. 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 Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use AdChoices 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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