ELECTIONS HAVE CONSEQUENCES:

In a potentially dramatic development, Iran is willing to close its uranium enrichment facility at Fordo in return for an easing of Western sanctions, the German news magazine Der Spiegel reported Monday.

Quoting intelligence source, the magazine reported that Iran's new president, Hasan Rouhani, might consider closing down the heavily fortified Fordo facility, near the holy city of Qom, and allow international observers to supervise the destruction of the centrifuges, if the West were to lift the sanctions regime it has placed on Iran's oil industry and central bank. Rouhani could make the offer later this month at the United Nations General Assembly in New York, the report said.

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