Benjamin Netanyahu gave an interview for The Atlantic a couple of days ago, and it's well worth reading.
I suspect the Iranians will simply view the "let's just sit down and talk" approach of the Obama administration as buying time to plough ahead full steam with nuclear weapon development. At some point, Israel alone will act, possibly in a strike that is basically suicidal (for the airmen or soldiers involved) but the timing of that is anyone's guess.
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