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These must be heady days for Iran’s ayatollahs. Just a year ago, American efforts to contain and isolate the Islamic Republic seemed to be gathering steam. A third UN Security Council resolution censuring Iran for its nuclear advances was on the horizon, and the Bush administration could claim headway on the creation of a regional coalition of Sunni Arab states to counteract Iran’s growing clout. Today, however, things are very different. Western efforts to control and contain the Islamic Republic have clearly faltered, while Iran’s march toward the bomb gives every indication of having accelerated.

When he takes office on January 20th, 2009, the next President of the United States will have to contend with a range of pressing issues, from a global economic slowdown to soaring energy prices and a domestic housing market in crisis. On the foreign policy front, however, none will be as urgent as dealing with the persistent nuclear ambitions of the Islamic Republic of Iran. How the United States responds to Iran’s atomic drive will, to a large extent, dictate the shape of American strategy toward the greater Middle East for the foreseeable future.ÂÂ