Speaking to CNN , Vice President Joseph Biden (D) explained why President Barack Obama (D) is canceling the missile defense shield over Eastern Europe.

You see, Iran is not a threat. Really.

But he did explain the logic of doing so, saying Iran -- a key concern for the United States -- was not a threat.

"I think we are fully capable and secure dealing with any present or future potential Iranian threat," he told CNN's Chris Lawrence in Baghdad, where he is on a brief trip.

"The whole purpose of this exercise we are undertaking is to diminish the prospect of the Iranians destabilizing that region in the world. I am less concerned -- much less concerned -- about the Iranian potential. They have no potential at this moment, they have no capacity to launch a missile at the United States of America," he said.

Simultaneous with Biden's predictions, Fox News reports

that a secret International Atomic Energy Agency (IAEA) report states that Iran is capable of making a nuclear weapon and is far along on developing a missile system to carry an atomic weapon. This from the same agency that a few years ago protested that oh no, we don't see, hear, touch, taste or even think that Iran has nuclear weapons.

The report, which says Iran is likely to "overcome problems" on developing a delivery system, appears to be the so-called "secret annex" on Iran's nuclear program that Washington has said is being withheld by the IAEA's chief.

But the IAEA pushed back hard against that allegation, saying the charge is baseless.

"With respect to a recent media report, the IAEA reiterates that it has no concrete proof that there is or has been a nuclear weapon program in Iran," the IAEA said in a written statement.

An IAEA spokesman told FOX News that the next formal report on Iran's nuclear capabilities is expected in November. He said the evidence suggesting Iran has a nuclear weapons program has not been verified.

Other than these secret IAEA revelations, which they won't acknowledge, and who knows what else, Vice President Biden, do you still believe Iran is not a threat?