When are we going to see a formal policy?
In my view, the answer is probably never.
If there is ever to be any real sanctions against Iran, the only people that are going to be willing to do it are the Iranians themselves, and there are very few of them.
And, as I see it, that’s going to come down to the Iranians deciding that they’re not going to keep it up for too long.
That’s a very unlikely scenario.
There are many reasons why they might decide that they’ve got to end the nuclear programme and that they don’t want to go through this.
I’ve just got a lot of doubts about that.
It’s a really hard decision to make, and I think the Iranians are likely to decide that it’s time to get on with the process.
So, for now, I don’t see how we can have an informal sanctions regime at all.