Word: iranians
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Dates: during 1950-1959
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...Mossadegh's friends and leadership fell away, his best chance of surviving lay in signing an oil agreement. U.S. negotiators reported him the most conciliatory he has ever been, though, remembering many past disappointments, they were guarded in their optimism. If he agrees to accept arbitration on Anglo-Iranian claims for breach of contract (which the British adamantly insist upon), Anglo-Iranian is prepared to buy 10 million tons of Iranian oil a year, and the U.S. to give Mossadegh large sums of economic aid. In Teheran, Ambassador Henderson wore a path to Mossadegh's bedside...
...dusty Aden, a British protectorate, the British won the first legal round in their battle to blockade Iran's oil. A supreme court judge held that Iran's "nationalization" of the Anglo-Iranian Oil Co. was actually "confiscation," ordered the $40,000 oil cargo aboard the blockade-running Rose Mary (TIME, June 30) turned over to Anglo-Iranian...
...Once the Iranians agree to submit the question of Anglo-Iranian Co. compensation to arbitration under the International Court, the British will favor purchase of Persion oil by any interested firms. In fact, Anglo-Iranian is prepared to go ahead and buy ten million tons a year, itself...
...directors has faith that Stoddard is on the right track. Nebraska-born, Stoddard joined U.P. as a $30-a-month station helper 36 years ago, has been with U.P. ever since, except for stints in both wars. A colonel in World War II, he served as adviser to the Iranian National Railway, which helped carry supplies from the Persian Gulf to Russia. In his 3½ years as U.P. president, the board has let him run things pretty much...
...Iraq's oil. The assembled guests watched a movie of the pipeline's construction, and applauded vigorously at the progress it augured. "You can be bloody sure," an I.P.C. press-agent confided to a newsman, "that we're not going to make the same mistakes Anglo-Iranian made in Persia...