I'd say no weapons for Iran, they can have reactors, but as DC said the nation is the ultimate power when deciding what is in its best interest. Is it in the best interest of the US to allow Iran nuclear weapons? Nope, so should we let them have them just because we can't find a specific moral reason to stop them? No, because in my opinion the destruction that just one nuke can cause is enough to justify keeping people from developing nukes on their own.
To add to that I don't think any country should have nukes, but that's quite a long ways off and for now I'd settle for slow disarmament and the prevention of nuclear proliferation.
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