The short answer from Matthew Yglesias of Talking Points Memo is, not very. 

Essentially, you've got a lot of people running around screaming and yelling "Aagh!  We're all gonna die!" but Iran is spending only $6b a year on its armed forces, compared to $9.6b for Israel and $25.2b for Saudia Arabia.  Plus, it might be a good ida to keep in mind that Iran is surrounded by American friends and American-occupied countries.  

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