Iran\'s defense policy is based on deterrence and its response to any possible aggression would be annihilating, President Mahmoud Ahmadinejad said Tuesday. Speaking in a ceremony held to mark the annual Defense Industry Day, President Ahmadinejad noted that Iran would use its military power against injustice and aggression. “Our military power would not be used for taking over lands of other nations and in the meantime, looting their resources,” stressed the President.