Will the Iranian nuclear deal spark a new arms race in the Middle East?

There are two different dimensions to this question. First, some analysts question whether the precedent set by the nuclear deal will encourage other countries in the region (and possibly globally as well with the case of South Korea) to pursue similar nuclear enrichment rights:

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However, this should be weighed against the competing argument pairs which debates the risks to the nonproliferation regime if Iran successfully develops a nuclear weapons:

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