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The Economic Cost of a Nuclear Iran
(Wall Street Journal) Charles Robb, Dennis Ross And Michael Makovsky - Living with a nuclear Iran is strategically untenable. Like the fiscal cliff, this is a matter of both economic and national security. We led a Bipartisan Policy Center task force that examined the energy-related costs of inaction. A nuclear Iran would raise the likelihood of instability, nuclear proliferation, terrorism and war - and could thus drive oil prices up. As policy makers contemplate what it will take to thwart Iran's nuclear ambitions, they must not dwell exclusively on the potential short-term impacts of economic pressure or military action. Over the medium and long term, the economic costs of a nuclear Iran may be no less real and far more enduring.