Iran urges boycott of 'zionist' products...

At least now we know what Pepsi stands for.

Iran on Wednesday launched a major campaign urging consumers to stop buying “Zionist” products, ranging from Coca-Cola and Pepsi soft drinks, to Calvin Klein clothing and Nestle food products.

“Pepsi stands for “Pay Each Penny to Save Israel”, viewers in the Islamic republic have been warned in an oft-repeated three-minute infomercial on state television, prompted by Israel’s ongoing assault against the Palestinian territories and Lebanon.

“Zionists are the biggest shareholders in the soft drinks industry, and each year they make billions of dollars for their colonialist aims,” consumers with a thirst for fizz have been told.

Coca-Cola is also not left unscathed by the new twist to the cola wars.

“This firm openly supports Israel and has even said that it is ready to allocate great deal of money to topple the Islamic republic,” state television said.

Both Pepsi and Coca-Cola have factories in Iran, although state television gave no indication over whether their operations would be affected.