some of you guys are a bit silly -
As the one Iranian guy on this site, and as someone who organized the protests against Ahmadinejad here in DC for the past 3 months (and the big Green protest in NYC the last few days), I can tell you this is NOT big news... (I've also been working on US-Iran policy for the past 5 years)
look, the fact is that the "new" Iranian site has been known about for several years... it is just another enrichment facility not a weapons facility, and Iran is at least 6-10 years away from weaponizing its FIRST nuclear device, and that does not even mean production of 2-3, just its first test device (where Pakistan was about 15 years ago)
in the end, Even in the worst case scenario, if Iran did develop a bomb, the International community would end up treating it just like it does Pakistan --- a basket case country to tip-toe around... for all their crazyness, the Iranian regime in power are rational actors and unlike the crap hysteria some like to perpetuate, are not going to use Nukes on Israel... but the good news is, it is extremely unlikely we'll EVER get to that scenario where Iran has a nuke.
my prediction, not that I'd like to see this come to pass mind you - is that Iran will get a 'sprinting distance capacity' in about 3-5 years (where Japan and Brazil are today) which is to be close enough to create a bomb in 12 months if they wanted to. but that they wont cross that line...
In the end, sanctions will NOT harm this government, though I'd love to take out MY anger on this regime in so many ways, what I do know is that the new 'refined oil products' sanctions that are being suggested now will only hurt the people of Iran and the Green movement... they will not affect in the slightest the basij, the IRGC, the Mullahs, or the ones in power... actually, they will increase Iran's state budget, because currently, the government expends 20% of its annual budget on gasoline subsidies (gas is sold at $0.25/gallon in Iran) ... last time it tried to cut those subsidies (24 months ago), there were riots... with sanctions, they can get rid of the costly subsidies and blame the west with impunity (and without riots)... so in essence, those sanctions would increase the state's budget by 20% without hurting any of the state apparatus.
any attack by Israel, which is outlandish to even think about since Israel does NOT have the capacity to actually destroy Iran's nuclear targets (over 50 sites scattered around the mountainous country with a pretty good anti-air defense system), and any attack by Israel on a non-aggressive NPT-member country (remember, Israel is non-NPT and has 200 nukes of its own) would make Israel a bigger paraiyah than it already is... Israel would lose the European good-will it has collected over the past 2-5 years over the Iran issue and it cant afford to do that, specially with the heat coming down on it over the Palestine/Gaza situation...
Israel will rattle rattle rattle its saber but wont pull the sword out of its sheath.
The best and ONLY strategy available to the world is to HARP HARP HARP HARP HARP on iran's human rights record... to call the regime out on its internal illegitimacy... the regime is under immense internal pressure... if for example Ayatollah Sistani (Shi'ism's highest ranked mullah, currently based in Najaf Iraq) were to berate Khamenei that would have a bigger impact than even 100 Israeli bombs.
the only way I see out of this is for Iran to have its own internal change of regime, and we are very close to that... if the regime's strategy of distracting the international community with its 'nuclear brinkmanship' continues successfully, then we may lose this chance... IF on the other hand, the international community bears down on Iran with moral authority (Nelson Mandela, Desmund Tutu, Sistani, the Ghandi's in India, Obama, Carter, etc) and did not let up, this regime will collapse under its own weight within 12 months.
but my guess is that the shiny-object oriented American media wont be able to figure out any of this and will continue its crap reporting... what I AM hopeful about, is that I know for a fact that at the highest levels in the Obama administration, they are fully aware of the best strategy to use, and I'm confident they will do the right thing. I'm even confident that Israel knows what it has to do, and that its belligerent talk is just a macho cover (note Ehud Barak last week saying that Iran does not pose an existential threat to Israel)
so long story short - 1) Sanctions are counter-productive and will help the regime. 2) Israel wont, cant, and shouldn't bomb Iran 3) YOU can help by harping on Iran's Human Rights violations, by supporting the internal dissidents and the Green movement 4) the International community should not be played for a fool by being distracted from the real issue, which is the illegitimacy of this govenment
sorry to rain on some parades here, but despite what the US corporate-media might tell you, the news today was not HUGE news... it was a minor blip in long-standing stand-off between the West and Iran.