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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.