IRAN: Oil Again

It seemed to be a victory for everybody. Iran regained its main source of revenue; Britain salvaged a handsome reward from what once seemed a total loss; the U.S. found itself participating for the first time in one of the world's richest oilfields. More than that, a strategic chunk of the globe's surface was made safer from Communist penetration. Last week, in the cool garden of Elah-yeh Palace outside Teheran, Iran's Finance Minister and a U.S. oil negotiator put their initials on a settlement of the vexed Anglo-Iranian oil dispute. A formula had at last been found by which...

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