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The Iran Deal and the "Problem of Conjecture"

(Wall Street Journal) Niall Ferguson - Why should Iran suddenly mend its ways? In return for merely slowing down its pursuit of nuclear weapons, it is being handed up to $150 billion in previously frozen assets, a commercial bonanza as sanctions are lifted, and the prospect of an end to conventional arms and ballistic-missile embargoes after, respectively, five and eight years. All Iran has to do is keep the International Atomic Energy Agency happy that it is sticking to its nuclear commitments. There will be no "snap back" of sanctions if Tehran opts to use its new resources to double or quadruple its support for Hizbullah and Hamas, the Assad regime in Syria, and the Houthi rebellion in Yemen. Today, faced with two forms of Islamic extremism, Shiite and Sunni, we are tilting toward Iran, the principal sponsor of the former. We are alienating our allies, moderate Sunnis as well as Israelis. No one can say for sure what will come of the president's strategy. It may magically produce equilibrium in the Middle East, as he hopes. But all the evidence points the other way: toward a continuing escalation of violence in the region. The writer is professor of history at Harvard University.
2015-07-28 00:00:00
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