The new US intelligence report on Iran is clearly a bit of a blow to those pressing for military action against Iranian nuclear facilities. As the FT explained this morning: "The key finding in the estimate, the product of more than 18 months of work by the 16 US intelligence agencies, is that Iran is probably not actively seeking to turn nuclear material into weapons."
You might expect that the only people who would be depressed by this news would be the hawks around Dick Cheney. But you would be wrong. I spent a bit of time today with some British policymakers who follow Iran and counter-proliferation closely. And they are not exactly jumping for joy.