<p>October 24, 2003 -- DON'T break out the champagne and caviar yet. The European Union's recent deal with Iran's mullahs over their "peaceful nuclear energy program" is unlikely to be the last we hear of Tehran's nuclear transgressions.</p>
<p>Further, by cutting a deal with the E.U., Tehran keeps the thermonuclear tiff from being thrashed out in the U.N. Security Council, which might easily have levied sanctions on Iran, severely damaging the prospects of its pending trade deal with the European Union. In this light, Iranian concessions don't seem so concessional after all.</p>