A 2005 update of ¿The Strategic Implications of a Nuclear-Armed Iran¿ by Kori Schake and Judith Yaphe, which had been issued in 2001 by the Institute for National Strategic Studies (INSS). Contents of this report: Iran¿s Perspective: National Rights and Nuclear Weapons; Neighbors, Negotiators, and Non-proliferators; U.S. Policy Options; Endnotes; Appendix A: Timeline of Iran¿s Path to Nuclear Weapons; Appendix B: Iran¿s Nuclear Program: Status, Risks, and Prospects; Appendix C: Walking the Tightrope: Israeli Options in Response to Iranian Nuclear Developments.