A Letter From The Publisher, Nov. 4, 1974

Quadrupled oil prices may be transforming the world. Nowhere is the pace of change faster than in Iran, the ancient empire ruled by this week's TIME cover subject, Shah Mohammed Reza Pahlavi, "King of Kings, Light of the Aryans." This is his third appearance on TIME'S cover since he came to the Peacock Throne in 1941. Using his overflowing oil revenues, the Shah now hopes to make Iran "the Japan of the Middle East" and a force in world politics. Filing the main reports for this week's cover story were Beirut Bureau Chief Karsten Prager and Correspondent William Stewart assisted by...

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