The year 2008 started with oil prices touching a historic high of US $100 a barrel. This is partly a reflection of the high demand for energy. Today, many countries are factoring ‘energy’ into their planning, be it hydrocarbons or other forms of energy. But in the case of India it appears that its energy future would be decided more by politics than actual energy needs. In the first week of 2008, an Indian delegation has completed the third round of negotiations with the International Atomic Energy Commission (IAEA) on India-specific nuclear safeguards.

The latest US National Intelligence Estimate (NIE) on Iran’s nuclear programme, “Iran: Nuclear Intentions and Capabilities” of November 2007 (released on 3 December 2007) notes with “high confidence” that Tehran halted its nuclear weapons programme in the fall of 2003 and with “moderate confidence” that Iran had not restarted its nuclear weapons program as of mid-2007.

The United States imposed unilateral sanctions against Iran on October 25, 2007 to complement its efforts towards getting a third set of sanctions through the UNSC.

On September 16, 2007, Iranian Foreign Minister Manouchehr Mottaki announced the completion of the Bushehr Nuclear Power Plant, adding that it was "sealed by the UN nuclear watchdog, International Atomic Energy Agency (IAEA)". On September 20, Reza Aqazadeh, the head of Iran's Atomic Energy Organization, in reference to his talks with Sergei Kiriyenko, the director of Russia's Federal Atomic Energy Agency in Vienna, said that they "discussed the pending issues of the Bushehr Nuclear Power Plant".

Bangladesh faces a shortage of electric power and is planning to meet the shortfall by setting up nuclear power plants. Significantly, this development has occurred at a time when the country is being ruled by a caretaker government with the backing of the military. The military in Bangladesh is trying to carve out a permanent place for itself in governance by creating a National Security Council.

In addition to the earlier run two pilot cascades of 164 centrifuges, Iran has set up two more cascades of 164 centrifuges each despite repeated calls from the UN Security Council to halt enrichment related work. Addressing a mass rally on February 11, 2007 in Tehran to commemorate the 28th anniversary of the Islamic Revolution, an unrelenting Iranian President boasted about continuing advancements in the country's nuclear programme and promised to announce a further surprising achievement by April 9, 2007.

Israeli Prime Minister Ehud Olmert's seemingly 'inadvertent' admission of his country's nuclear status in an interview broadcast on German television on December 11 at the start of his trip to Berlin once again focussed world attention on the country's nuclear status. It is widely known that Israel has a nuclear arsenal consisting of about 150-200 weapons from the plutonium produced at the Dimona nuclear reactor, situated in the Negev desert near Beer Sheva.

The Board of Governors of IAEA is scheduled to meet on March 6, 2006 to decide the next step after the passage of the February 2006 resolution against Iran. The crisis is deepening fast. The controversies related to Iran's past procurements and associated deeds seem to be far from coming to a close soon.

Two rounds of negotiations have been held between Indian and US officials to negotiate implementing the Indo-US nuclear agreement, embedded in the Joint Statement issued by Prime Minister Manmohan Singh and President George W Bush on July 18, 2005. Foreign Secretary Shyam Saran's talks with Under Secretary of State for Political Affairs Nicholas D Burns in Washington last week was the second round.