The question is: Does the Obama administration really believe a different Iranian president means Iran is now willing to reverse more than 15 years of stated policy ,shutter dozens of facilities and flush the billions of dollars it has invested in its nuclear weapons program? It really believes this or it is cynically and fearfully pretending this is the case so it can allow Iran to run out the clock. If the U.S. and Iran are "negotiating" some worthless piece of paper to achieve peace on our time, Israel would be under enormous pressure to not attack Iran's facilities and so implicitly accept a nuclear Iran.
Another question is: Will Israel go along with this charade? If we believe Israel's rhetoric it can not afford to allow it and considers it an existential threat. If it does not act at some point what are we to make of this? Was the rhetoric overblown in the first place? Can Israel, the Middle East and the West live with an Iranian bomb? Unfortunately we are probably going to find out soon enough.
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