Kevin Drum has a very interesting analysis about the lost opportunity to defuse tensions with Iran ... in 2003. Nothing is firm, but recent reports indicate:
As Wilkerson observes, however, the mysterious death of what became known among Iran specialists as Iran's "grand bargain" initiative was a result of the administration's inability to agree on a policy toward Tehran.
A draft National Security Policy Directive (NSPD) on Iran calling for diplomatic engagement had been in the process of interagency coordination for more than a year, according to a source who asks to remain unidentified.
But it was impossible to get formal agreement on the NSPD, the source recalls, because officials in Cheney's office and in Undersecretary of Defence for Policy Douglas Feith's Office of Special Plans wanted a policy of regime change and kept trying to amend it.
It's possible that the administration will accept nothing less than new leadership in Iran and is not interested in negotiations. I think the American public would rather seek a peaceful solution instead of rushing into a third war.