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ForeignPolicy.com has a nice piece on the likelihood of Israel attacking Iran. Their assessment is that it's nearly a sure thing at this point. They argue that Israel is running out of time and they probably could wait no longer than this summer to attack. Also, Israel's nuclear arsenal can not be relied upon as a deterrent for various reasons. And last they argue that escalation favors Israel and will punish Iran.
The Ticking Clock
The Ticking Clock