MPACUK Implying Worldwide Zionist Conspiracy

MPACUK has posted an article about the latest proposed UN sanctions against Iran. The proposal has been agreed on by the 5 permanent members of the Security Council and Germany and is now being presented to the other members. The headline MPACUK chooses is:

Zionists Draw Sanctions On Iran A Step Closer - Mosques Still Asleep

Israel is not on the Security Council and so is not involved in drawing up the proposed resolution. Nevertheless, MPACUK sees fit to declare that the sanctions are a Zionist plan. Are MPACUK simply using "Zionist" as a pejorative term to describe states that they do not like, or are they implying that Zionists are actually behind the sanctions?

Are they, in fact, implying some sort of worldwide (including Russia and China) Zionist conspiracy against Iran? And wouldn't such an implication be simply a modern version of the worldwide Jewish conspiracies invented by earlier anti-Semites (for example the Protocols of the Elders of Zion)?