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Source: http://www.usnews.com/usnews/news/articles/050606/6ross.htm
Making Iran Play Ball
(U.S. News) Dennis Ross - The Iranians seem to believe they can continue to move incrementally toward developing fissile material openly and clandestinely and without incurring any real costs - and recent history would suggest they're right. In October 2003, Iran reached an agreement to suspend its nuclear efforts with the Europeans; then in 2004 it reneged and paid no price for doing so. So the threat of referring the Iranian nuclear question to the UN Security Council is likely to ring hollow. Having engineered $100 billion worth of deals with China, the Iranians probably believe they're protected by a Chinese veto of any UN sanctions by the Security Council.