Even if they manage to develop a Nuclear capability the sanctions should not only remain but the US House should pass as soon as possible their new sanctions on Iranian Banks.
I have the feeling that the US Military and the President will not go to war but use containment in the evnt Iran develops a nuclear capability
Why attacking Iran is still a bad idea | Stephen M. Walt
Eight Ways to Deal With Iran - By Stephen J. Hadley | Foreign Policy
The Entebbe Option - By Mark Perry | Foreign Policy
More sanctions coming
EU considers sanctions against Iranian banks, energy sector - Yahoo! News
Iran’s currency takes a dive as nuclear sanctions hammer economy | News | National Post
Iran’s rial plunged against the U.S. dollar in open-market trade on Monday, taking its loss in value over the past week to more than a quarter in further evidence that Western sanctions are shattering the economy.
The freefall suggests sanctions imposed over Iran’s nuclear program are undermining its ability to earn foreign exchange and that its reserves of hard currency may be running low.
The rial traded at 34,200 per dollar according to currency-tracking website Mazanex, down from about 29,720 on Sunday. It was trading at 24,600 last Monday, according to website Mesghal.
The rial’s losses have accelerated in the past week after the government launched an “exchange centre” designed to supply dollars to importers of some basic goods at a special rate slightly cheaper than the market rate.
Instead of allaying fears about the availability of dollars, the center seems to have intensified the race for hard currency by linking the special rate to the market rate, meaning that even privileged importers will face sharply higher costs.
“The government’s initiative … brought to the surface a tremendous lack of confidence in its ability to manage the currency,” said Cliff Kupchan, a Middle East expert at the Eurasia Group, a political risk research firm. “The attempt to fix it triggered a worse crisis via market psychology.”
There is very little, effectively, the central bank and authorities can do to calm the situation because even when they take extraordinary measures to calm the market … the market interprets those additional measures as a sign of abnormality,” Hakimian said.
At the end of last year, Iran had $106 billion of official foreign reserves, enough to cover an ample 13 months of imports of goods and services in normal times, according to the International Monetary Fund.
But Nader Habibi, economist at the Crown Center for Middle East Studies at Brandeis University in the United States, estimated last month that the government now had about $50-70 billion of hard currency reserves left.