Word: persian
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...suspect that oil prices will continue to increase through the 1980s, a doubling of the real price of oil by 1990 would not be a surprise. (Indeed, we might face much worse trouble than that. Serious political troubles in the Persian Gulf area could cause large non-commercial cut-backs in supplies. That would pose a "national security" problem, of a major sort of us, the European countries, Japan, and other countries as well...
...Shah's last prime ministers also stopped annual government subsidies to the mullahs.) Almost everybody hated the police terror and sneered in private at the Shah's Ozymandian megalomania, symbolized by a $100 million fete he staged at Persepolis in 1971 to celebrate the 2,500 years of the Persian Empire. In fact, the Shah's father was a colonel in the army when he overthrew the Qajar dynasty in 1925, and as Khomeini pointed out angrily from exile at the time of the Persepolis festival, famine was raging in that part of the country...
...prices at every OPEC meeting, yet that irritation was outweighed by the fact that the Shah was staunchly anti-Communist and a valuable balance wheel in Middle East politics. Eager to build up Iran as a "regional influential" that could act as America's surrogate policeman of the Persian Gulf, the U.S. lent the Shah its all-out support. President Richard Nixon and Secretary of State Henry Kissinger allowed him to buy all the modern weapons he wanted. Washington also gave its blessing to a flood of American business investment in Iran and dispatched an army of technocrats there...
...Soviet intervention poses a serious threat to our oil supply from the Persian Gulf, Samuel P. Huntington, Thomson Professor of Government, said yesterday...
...petroleum exports are vital to the security of the U.S. and its allies. The rulers of Saudi Arabia, the largest oil exporter of all, are reported to be frightened; a new set of security regulations is in force throughout the country. The governments of the tiny states of the Persian Gulf are also worried, about both their Shi'ite and Palestinian populations and about the wave of Islamic fundamentalism and unrest that seems to be spreading through the Middle East. They are trying desperately to bend with the wind. Bahrain, long known for its easygoing Western ways...