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...replace the murdered Premier, the Shah appointed Mansur's boyhood friend and chief aide, Finance Minister Amirabass Hoveida, 45. Trained as a political economist and career diplomat, Hoveida also served briefly as chairman of the National Iranian Oil Co. He will probably need all his financial experience; despite mounting oil revenues, Iran faces a growing fiscal squeeze aggravated by the high cost of public works and industrialization projects, last year's drought and declining U.S. aid. New Premier Hoveida took up his complex tasks with the promise that "except for the sad absence of Mansur, nothing is changed...

Author: /time Magazine | Title: Iran: Unholy Alliance | 2/5/1965 | See Source »

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