Israeli Deputy Prime Minister Shaul Mofaz has warned that Iran is near a breakthrough in its nuclear programme.Mr Mofaz accused Iran of pursuing a strategy of buying time in talks aimed at limiting its nuclear ambitions.
The EU and the US have offered Iran a series of incentives to persuade Tehran to stop uranium enrichment or face further sanctions if it does not.
Iran has said it is not yet prepared to give a response to the offer, which expires this weekend.
Mr Mofaz, speaking on a visit to Washington, said that it was "unacceptable" for Iran to become a nuclear power.
"Our estimation is that already by (2009) Iran will reach enrichment capability and as soon as 2010 will have option to reach (uranium production) at military levels," he said, according to the AFP news agency.
"It's a race against time and time is winning," the Israeli minister added.
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