Iran appears to be in no hurry to reach an agreement with the United States and other international powers that would prevent it from gaining the capability to develop nuclear weapons.

Iran’s top leader, Ayatollah Ali Khamenei, said last week that his regime has little to fear from U.S. military action after President Obama’s West Point commencement address last month in which he emphasized the limits of U.S. military power, The New York Times reported last week.

Khamenei’s statement suggests he has concluded the administration has abandoned the threat of military force to prevent Iran from developing nuclear weapons.

Speaking from a stage decorated with a banner proclaiming “America Cannot Do a Damn Thing,” Iran’s supreme leader on Wednesday asserted that the Obama administration had “realized that military attacks are as dangerous or even more dangerous for the assaulting country as they are for the country attacked.”

A “military attack is not a priority for Americans now,” he said in a speech commemorating the 25th anniversary of the death of his predecessor, Ayatollah Ruhollah Khomeini. “They have renounced the idea of any military actions.”