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Michael Ledeen writes, the Iranians want to defeat Bush.
So the Iranians seized some British "warships" yesterday, and arrested eight British naval officers...
Why?
...Because they were planning to attack (or have their surrogates attack) the oil terminals, silly. And why attack the oil terminals? Because they want to defeat President Bush in November, and they figure if they can get the price of oil up to around $60 a barrel, he'll lose to Kerry.
Frankly, it seems the Bush administration has given the mullahs a pretty good deal. Its chosen Iraqi pet Ahmad Chalabi was allegedly providing them sensitive US intelligence, the Americans removed their life-long enemy Saddam and have delivered them a Shiite-dominated Iraq, and the Bush administration has so overstretched the US military in Iraq that it hardly has the military resources, international (or domestic) credibility, or intellectual capacity to deal with Iran's or North Korea's nuclear ambitions.
Why would they want to defeat him?
UPDATE: Gregory Djerejian of Belgravia Dispatch has more.