The big news this week has been the dramatic conclusion to the hostage “crisis” between Iran and Britain. Iran detained 15 British sailors two weeks ago, accusing them of illegally entering Iranian waters when conducting a search of a merchant vessel.

President Ahmadinejad announced his “Easter gift” when the British sailors were released in front of the world Wednesday. British Prime Minister Tony Blair remarked that, “throughout we have taken a measured approach – firm but calm, not negotiating, but not confronting either”.

The release could not have come at a better time as the standoff was having a direct effect on oil prices and left financial markets across the globe nervous. While the impact of the financial markets was a large concern, the potential for military conflict (which would have probably included the U.S.) was far greater. Iran was clearly showing its will and strength by not giving in to demands earlier on in the standoff, although they never received the apology they requested of the Brits.

Now that the scene is set for the observations I am about to make: Did anyone notice that the 14 male sailors (there was 1 female) were wearing three-piece suits when they were released? Reports from a press conference held in London indicate that the sailors were isolated and threatened psychologically by endless questioning. So why all of the niceties and gift giving upon their release? Where were the uniforms they wore when they were captured? My guess is that Ahmadinejad is waving fatigues over his Presidential palace as a trophy of his “forgiveness.”

The truth is that Iran has become increasingly suspicious of the intentions of western allies, Britain and the United States. U.S. Navy warships have been reportedly conducting exercises only miles from Iran and the C.I.A. has been accused of supporting terrorist attacks within its borders.

While the British maintain that their sailors were in Iraq waters, there might be something to be taken from their extreme proximity to Iran. It’s possible that Ahmadinejad’s concerns are valid, especially given the conflicts over the years in neighboring Afghanistan and Iraq. But innocence is not usually disguised in an Armani suit. Guilt and apprehension may have sparked the over exaggerated attempt to glorify the detention of British troops.

Personally, I’m not buying the smiling, hand waving and gratitude expressed by the 15 sailors. I’m sure there will be more of the story to be told in the coming weeks.