If you haven't done so Billmon has several interesting posts up here and here discussing what some of the possibilites and ramifications of this dust up with Iran may mean. It is a complicated game and a lot of unknowns with some scenarios that are truly not pleasant to contemplate.
The frightening thing is that we have completely incompetent people on our side in this game and knowing that is enough to scare the juice out of me. I highly recommend reading what he has to say.
And as always the inside skinny on what is happening in the Middle East is from Professor Juan Cole.
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