Also Iran can block the Straits of Hormuz causing oil price to sky rocket- therefore leading to a plunge in world economies. Through Irans leverage with Hezbollah and now Hamas they could ensure Israel has a hardtime if they are attacked. For reasons mentioned above Bushes' hands are now tied. Meanwhile the Iranians continue to gloat.
Jerusalem Gay Pride Parade: Stabber is Yishai Shlissel, the 2005 parade attacker (Haaretz)
from the article: Ahmadinejad awaits a response