Well Cheapi, other than the "wardrobe malfunction" comment....lol... interesting post.
I suspect the Americans are using the Iran sanctions business to hide their REAL concern, which is their absolute fear that China will surpass them in semiconductor product develpoment and market share. The US uses their technology advantage to monitor and, to some extent, control foriegn policy by limiting who can access their tech.
They know how effective this policy has been for them over the decades and dread the thought that another nation might be able to now do the same to them.