JERUSALEM (AFP) - An Israeli minister on Saturday accused the international community of failing to halt Iran's nuclear drive and the West of being "resigned" to Tehran's development of nuclear weapons. "My feeling is that the enlightened Western world, and I don't know if it still is, is resigned to the development of a nuclear bomb in Iran," Infrastructure Minister Benjamin Ben-Eliezer told Israeli public radio. He accused the international community of limiting its response to Tehran's accelerating nuclear programme to "words" alone. Israel, believed to be the Middle East's sole undeclared nuclear power, has long accused Tehran of trying to develop nuclear weapons under the guise of a civilian programme and has come to consider Iran its greatest threat. Iran denies the accusations, insisting its nuclear programme is peaceful. "Hundreds of European and American firms, and I'm not even talking about the Chinese and North Koreans, are doing business with Iran day and night," Ben-Eliezer said. He added that the Islamic republic "only understands one language" and that Iranian President Mahmoud Ahmadinejad, who has repeatedly predicted Israel's demise, is "laughing at the whole world". "We must tell them: 'If you so much as dream of attacking Israel, before you even finish dreaming there won't be an Iran anymore,'" he said. Ben-Eliezer insisted he was not advocating a preventive military strike on Iran but said "Iran should know the price it will have to pay when it begins to think concretely about attacking Israel." Meanwhile, Iran's powerful Parliament Speaker Ali Larijani warned the International Atomic Energy Agency against playing for time in a dispute over the Islamic republic's nuclear programme. "The agency has submitted an ambiguous report. They might be pursuing a 'One Thousand and One Nights' diplomacy that they are continually playing for time," the state IRNA news agency quoted Larijani as saying. The former nuclear chief was alluding to a collection of folk tales, also known as the "Arabian Nights," in which the storyteller Scheherazade, doomed to be executed, begins a new story each night but delays the ending till the following night as a way of staying alive. In his latest report on Iran, IAEA chief Mohamed ElBaradei accused the Islamic republic of withholding key information on alleged nuclear weapons studies. Iran has dismissed the allegations as "baseless", insisting it has provided comprehensive responses. "We worked with the agency honestly and if they want to complicate the nuclear issue, they will make themselves some problems," Larijani warned. "We are not interested in prolonging the issue." The IAEA report prompted Larijani to warn last Wednesday that Iran might review its relations with the UN watchdog, which has been probing Iran's nuclear programme for years. But President Mahmoud Ahmadinejad took a milder position on Monday, saying that Iran had no immediate plans to revise cooperation with the IAEA. The United States and its European allies fear Iran wants to use the sensitive process of uranium enrichment to make an atomic weapon. Tehran insists its drive is entirely peaceful.