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New this morning: Iran says it may boycott the 2012 London Olympic Games.

TEHRAN (Reuters) - Iran said Monday it might boycott the 2012 London Olympics because of the event's "racist" logo which resembles the word Zion, the official Iran news agency reported.

The secretary general of the National Olympic Committee said Iran had made the complaint in a letter to the International Olympic Committee President Jacques Rogge and was waiting for a response.

The London logo shows the numbers 2012 in four jagged multi-colored figures and was launched in 2007. Zion is a term that refers to the city of Jerusalem and Iran does not recognize Israel.