Economic sanctions have also begun to show results, Comras said, as reports surfaced that the Bush administration was forcing Israel to stand down from plans to attack the Islamic republic.
"Iran's economy is already in shambles," Comras wrote for the widely read Counterterrorism Blog Tuesday.
"The downturn in the price of oil has left Iran's government with serious budget shortfalls and significantly reduced its ability to support and subsidize its extensive ongoing energy sector and other infrastructure projects," he said.
"It has also significantly reduced the profit incentives that previously enticed foreign businesses and banks to compete for Iran's business, even when that meant irritating their American relationships.
"Iran's cost of doing business is soaring, and the stepped up measures adopted by the U.S. Treasury Department, and the US campaign to dissuade financial dealings with Iran, are now actually having a significant impact! More and more Western banks are reducing their Iran exposure and pulling out of the Iran marketplace. Even non Western banks in Dubai are beginning to view triangular transactions with Iran more cautiously. These factors may serve to enhance the chances of engaging Iran in a more constructive dialogue on its nuclear program than previously."
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