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Iran

My Lords, I accept that the position of Israel is crucial in this, as many noble Lords said. It should be fully taken into account. The new nuclear world is not the world of the existing five powers. Pakistan, Israel and India do not fit into the old treaty but have nuclear weapons, and others may, alas, be on the verge of getting them. The present treaty regime must be reformed—I will not say replaced—to cope with the facts and realities of the new situation. These are the ways to contain a crisis in the face of which—we must be honest and frank about this—current Western policy is proving entirely ineffective.