Iran gas embargo
In serious contention for Dumbest Washington Consensus for September is the idea of cutting off Iran's gas imports to pressure Iran to stop enriching uranium. A majority of Representatives and Senators have signed on to legislation that seeks to block Iran's gas imports, a top legislative priority for the so-called "Israel Lobby." But it's a stupid idea. Let us count the ways.
One: there is no indication that Russia and China will go along with it. Even Europe is split, Reuters reports. Turkey is also likely to be unenthusiastic - a country that has good relations with Iran, has a long border with Iran, and is currently on the UN Security Council. A U.S.-sponsored gas embargo on Iran isn't likely to have much impact if Russia, China, Turkey and half of Europe aren't cooperating - after all, it's not the U.S. that's exporting gas to Iran - unless it is imposed by force.
Two: Iran has threatened to retaliate against a U.S.-sponsored gas embargo by stopping its oil exports to the West. There is a historical precedent that ought to give Americans and Britons some pause: when Britain wanted to punish the democratically elected Mossadegh government for nationalizing Iran's oil, Britain imposed an embargo on Iranian oil exports, enforced by the British Navy. Fine, Mossadegh said, we don't care. Let it stay in the ground. When the embargo failed, the British tried to overthrow Mossadegh in a coup. When that failed, the British asked the U.S. to intervene, and the CIA and British intelligence overthrew Mossadegh. How does returning to the British colonialism script for Iran fit in with the whole outreach to the Muslim world thing?