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Last March, when the Obama administration's outreach to Russia was still in its embryonic stages, America's chief diplomat made a major gaffe. Meeting in Geneva with her Russian counterpart, Foreign Minister Sergei Lavrov, Secretary of State Hillary Clinton presented him with a symbolic red button, meant to signify the "reset" of bilateral relations publicly being advocated by the new president. But the button was mislabeled; in a glaring error of translation, it boasted the label peregruzka (overload), rather than perezagruzka (reload). Both Clinton and Lavrov were quick to laugh off the incident, but a serious message had inadvertently been sent: that the Obama administration was woefully out of its depth on foreign affairs.

That unfortunate episode sprang to mind last month, when Presidents Obama and Medvedev announced that work on a successor to the now-defunct 1991 Strategic Arms Reduction Treaty (START) had been concluded. Details of the deal--predictably named "New START"--have now been made public, and they confirm that the latest exercise in U.S.-Russian arms control is flawed on at least three fronts.

At the heart of President Obama's nuclear weapons policy lies a key assumption - that Iran, North Korea and other "rogue" states are susceptible to threats of isolation and tempted by global acceptance.

He may be right - and I hope he is - but history offers compelling evidence to the contrary.

Politics can offer some strange second acts. Just ask Mohamed ElBaradei, the Nobel laureate turned would-be presidential candidate who is now flirting with joining forces with Egypt's main Islamist party. Since leaving his post as director-general of the International Atomic Energy Agency (IAEA) in December, the 67-year-old diplomat has dipped his toe into electoral politics in his home country of Egypt. While still notional, ElBaradei's possible candidacy in the country's 2011 presidential election has galvanized Egypt's long-moribund political opposition.

Great athletes describe how, during moments of success, they feel as if time is slowing down so that - whether they are leading a fast break or awaiting a 95-mile-an-hour pitch - they see the game unfold in a kind of slow motion. In the arena of public affairs, we, too, have the power to step back and watch a new world unfold as if in slow motion. What seemed like disparate events as they occurred over the course of weeks, months or longer can, upon reflection, reveal a consistent pattern of activity with a predictable conclusion. And so it is with Iran's nuclear program.

Just how durable are the ties between Russia and Iran? For years Western policymakers have been attempting to understand--and end--what is arguably the Iranian regime's most important international partnership. Recent weeks have only added urgency to the question, as the West ramps up its desperate scramble to stop Iran's relentless march toward the bomb.