Tempting Tehran
Europe really doesn't have much to offer Tehran for good behavior. Most European countries are trading with Iran already, evidenced by last month's reported €3.25 billion agreement by Spanish and Anglo-Dutch oil concerns to exploit Iran's natural gas reserves. Saeed Laylaz, a reformist analyst in Tehran, says only an end to U.S. sanctions and admission to the World Trade Organization might tempt the regime something the U.S. is unlikely to support.
Without a breakthrough, it's likely the IAEA will refer Iran next month to the U.N. Security Council for possible sanctions. Some diplomats are worried about what they call their nightmare scenario: an air strike by Israel against Iran's nuclear facilities, to which Washington would acquiesce, inflaming anti-U.S. feeling among Muslims. Says a British official: "There's worry that a crisis is looming." On that grim prospect there is also wide agreement.
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