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When we look at Iran as it really is and not as the jingoists would have us believe it is, they do not appear quite as threatening as some seem to think.
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Thats not totally honest, Iran's anti-tanker threat is very high and very well developed. They stand a real chance of choking off the oil long enough to cause a global recession. Iran has the tools, the men, the doctrine, the target, and the location to wage a massive oil war. The US's best bet vs this threat is pre-emptive action beofre Iran can mobalize.