Sunday, February 5, 2012

Iran raid likely to drag in U.S. and hurt global economy

An Israeli raid on Iran's nuclear facilities would deliver a painful shock to the global economy, revive flagging Islamist militancy and possibly drag the United States into a regional war whether it backed its ally's attack or not.

As if that prospect was not alarming enough, any doubts Tehran entertained about the wisdom of building a nuclear weapon would vanish the moment the strike occurred.

These longstanding U.S. and European assumptions about the consequences of an Israeli attack on Iran are being re-examined with greater urgency in Western capitals after repeated warnings by Israel that the chance of a peaceful resolution may be closing.

There is concern that Israel may attack in coming months to disrupt the transfer of parts of Iran's nuclear development work to an underground site south of Tehran that may be invulnerable to conventional bombing.

Western experts want Israel to think long and hard before embarking on a raid many suspect would spark a broader conflict. Read More