European news says that UN (USA, Russia, UK, France, Germany et al) are trying to find a formula for further trade sanctions etc against Iran .... have heard that before somewhere!

Al Jazeera, as mouth piece of the (militant) Arab world, reckons war is pretty imminent.

What do "friends" think?

What was the effect on the markets when hostilities atrted in Iraq?

Will US either covertly or even overtly give permission for Israeli to make pre-emptive bombing strikes against Iranian nuclear installations?

If so, within what sort of time-frame?

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