Iran has unveiled a new missile, the Shahab-3 was paraded at a ceremony in the capital, Tehran. Calling it a key moment for the Palestinian cause, Ayatullah Ali Khamenei, going by the title 'Supreme Spritual Leader' said: "Today, our people and our armed forces are ready to defend their objectives." The range of the Shahab-2 is 500km. Earlier this month, Iran confirmed testing the Shahab-3 over a distance of 1,300km. This brings both Israel and U.S. bases in the Middle East within Tehran's reach. The Israeli government said it was worried about Iranian ambitions to develop a nuclear weapon, forgetting its weapons of mass destruction. The Guardians of the Islamic Revolution flanked Khamenei at the parade review. Western experts say the Shahab-3 is derived from North Korea's No Dong-1, which can deliver an 800-kilo load, modified with Russian technology. The ideological regime also gave its army - separate from the regular forces - new transport and combat helicopters and Russian-made Sukhoi-25 fighter jets. **PHOTO CAPTION*** A missile soars through the air. Iran has successfully test-fired a Shihab-3 ballistic missile.(AFP/File/Sven Nackstrand)