Iran scorns EU trio's draft nuclear resolution

"BERLIN (Reuters) - EU powers began circulating a draft resolution on Wednesday for a February 2 meeting of the U.N. nuclear watchdog asking it to report Iran to the Security Council, but Russia was seeking moves that stopped short of a formal referral.

The EU draft resolution drew scorn from Iran's President Mahmoud Ahmadinejad.

The governing board of the International Atomic Energy Agency will hold an emergency meeting that day on Iran's nuclear work at the request of European Union powers, an IAEA spokesman said.

France, Britain, Germany and the United States are expected to push to have Tehran referred to the U.N. Security Council after it resumed research that could be used for generating electricity or making atomic bombs.

But EU foreign policy chief Javier Solana said European states were considering a Russian proposal that could delay a formal referral of Iran to the council.

Speaking to reporters during a visit to Washington, Solana said Russia had suggested the IAEA emergency meeting should call for a special U.N. Security Council session to debate Iran's case, but that there be no formal referral to the council at that time."
MyWay

I'm confused by Drudge's headline "Iran cornered", if you ask the Russians are playing us against the Iranians oil prices and some breathing room for themselves. My advise watch your backs.