(The American Interest) - Walter Russell Mead - The failure to strike a deal in Moscow means that the U.S. and EU will likely implement their full range of sanctions, beginning July 1, and which are expected to cost the Iranian economy $4.5 billion a month in lost oil revenues. That's not chump change, and once the full effect of the sanctions kick in there might be some movement on the Iranian side. But if, as appears increasingly likely, Tehran has made the calculation that it is willing to do whatever it takes to acquire a nuclear weapon, then no amount of pressure will force Iran to fold its hand.
2012-06-22 00:00:00Full ArticleBACK Visit the Daily Alert Archive