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If economic sanctions fail to stop Iran's march toward the bomb, and either the U.S. or Israel is compelled to use force against the Iranian nuclear program, China will shoulder at least some of the blame.

Since this summer, concerted international pressure has unmistakably tightened the financial noose around Iran's ayatollahs. The June passage of a new round of United Nations sanctions against the Islamic Republic has been followed by an exodus of European and Asian firms from the Iranian market, and new, stricter regulations on financial dealings with the regime in Tehran. Simultaneously, unilateral American sanctions have honed in on Iran's most glaring economic vulnerability—its deep dependence on supplies of refined petroleum from abroad—with marked results. According to energy consultancy EMC, Iran's gasoline imports plummeted by 50 percent, from 120,000 to 60,000 barrels per day, in the month after the imposition of U.S. sanctions, as skittish foreign suppliers scrambled to exit the Iranian market.

But the push to isolate Iran economically may end up being undermined by a key global actor. China's leaders may have reluctantly gone along with the latest round of Security Council sanctions passed this summer. Yet, even as other foreign stakeholders have constricted their financial stakes in Iran, Beijing has done the opposite.

On the very day Secretary of State Hillary Clinton announced that the United States would lead a renewed Israeli-Palestinian peace effort, Iran boasted that it had test-fired a surface-to-air missile.

A day later, Iran began loading fuel rods into its Bushehr nuclear reactor, marking further progress on its quest for nuclear weapons.

A day after that, Iran's leaders unveiled the nation's first home-built unmanned, or "drone," bomber, with a range of more than 600 miles and which President Mahmoud Ahmadinejad said could serve as a "messenger of death" to hostile outside forces.

These developments illustrate a big problem with the U.S. peace effort - it will divert U.S. time and attention from the far more pressing challenge of containing Iran's regional hegemonic ambitions, which threaten our allies, our role in the region, and our ongoing efforts in Iraq, Afghanistan and other hotspots.

The furor accompanying the recent dissemination of classified military files by WikiLeaks has focused some much-needed attention on the damaging role Pakistan plays in the Afghan theater. As the WikiLeaks documents highlight in damning detail, Islamabad's close - and ongoing - cooperation with the Taliban has made it a key accessory to the worsening insurgency against the U.S.-led coalition on the war on terror's first front.

But what can actually be done about Islamabad's double-dealing? Disengagement, after all, is simply not an option. By dint of its strategic geography, Pakistan is a key player in Afghanistan, and its constructive involvement is essential to ensuring lasting stability there - especially following the planned July 2011 U.S. withdrawal. Pakistan is also a nuclear power, and the specter of Islamists gaining control of its burgeoning atomic arsenal is a nightmare scenario the West has sought to forestall through increased diplomatic engagement and foreign aid.

For years, Pakistan has played on these fears to get a pass on its domestic conduct and keep American dollars flowing. But this does not mean the United States lacks the ability to steer Pakistan toward a more constructive course. To the contrary, a number of opportunities exist for Washington to influence Islamabad's stance on terrorism and radical Islam.

If the Kremlin stays true to its word, Russia on Saturday will begin loading nuclear fuel into Iran's Bushehr reactor. Once it does, it will usher in a new stage in the deepening crisis over Iran's nuclear program.

The 1,000-megawatt plutonium reactor, located near the southern Iranian port city of the same name, has been the public face of the Iranian regime's nuclear program since Tehran and Moscow concluded the agreement to build it, despite American objections, in early 1995. Construction was completed in 2004, but Bushehr has laid dormant for years, ostensibly because of disputes over financing between Russia and Iran, but really because of Moscow's recognition of Washington's worries about Iran's nuclear program.

Perhaps unsurprisingly, the U.S.-India partnership is losing momentum under President Barack Obama’s stewardship. Fortifying the alliance was bound to be a secondary priority for any administration faced with a recession, a flagging war effort in Afghanistan, political stalemate in Iraq, stalled Middle East peace efforts, defiant pariah regimes in Iran and North Korea, and strategic tensions with China. Still, allowing the partnership to falter appears to have come easier to a president who never quite displayed George W. Bush’s zeal for the Indian-American relationship. To be sure, problems also exist on the Indian side. New Delhi has itself fallen into a form of post-honeymoon malaise, as the phase of grand political gestures gives way to tough technical negotiations. However, rather than mitigate the downside of this difficult period, the Obama administration is pursuing an agenda that further complicates it and, in doing so, risks some of the tremendous gains made in U.S.-India relations over the past decade.