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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...

Author: /time Magazine | Title: A Letter From The Publisher, Nov. 4, 1974 | 11/4/1974 | See Source »

...billion bbl. of crude oil, or roughly one-tenth of the world's proven reserves. The disposition of "this noble product" (as Iranians like to call it), and the money to be made from it, is in the firm hands of one man: His Imperial Majesty Mohammed Reza Pahlavi, Aryamehr (Light of the Aryans), Shahanshah (King of Kings). Once dismissed by Western diplomats as an insecure, in effective playboy-King, this emperor of oil commands new respect these days, as much for his ambitions as for his wealth. By means of what he has called a "white revolution...

Author: /time Magazine | Title: IRAN: Oil, Grandeur and a Challenge to the West | 11/4/1974 | See Source »

Grand Goals. But there are larger questions about Iran's future that remain unanswered. What if the Shah were to die suddenly? Would Empress Farah, who has been designated regent for Crown Prince Reza, 14, be able to carry on the great projects now under way? Is the Shah's imposing military buildup a deterrent against war or a provocation? The Shah has not only filled the power vacuum that existed in the gulf after the British left but has shown an interest in establishing a strong naval presence in the Indian Ocean. Inevitably, such a move would...

Author: /time Magazine | Title: IRAN: Oil, Grandeur and a Challenge to the West | 11/4/1974 | See Source »

...Chilean operation. Over the years, there were successes for the CIA as well: the 1953 coup that deposed Premier Mohammed Mossadegh (who had nationalized a British-owned oil company and was believed to be in league with Iran's Communist Party) and kept pro-American Shah Mohammed Reza Pahlavi on the throne of Iran; the 1954 revolution that overthrew the Communist-dominated government of President Jacobo Arbenz in Guatemala. The CIA has been suspected of participating in the 1967 military coup in Greece, the capture and killing in 1967 of Cuban Revolutionary Che Guevara in Bolivia, and the 1970 overthrow...

Author: /time Magazine | Title: INTELLIGENCE: The CIA: Time to Come In From the Cold | 9/30/1974 | See Source »

...Bhutto warned that his country, which has fought four wars with India since 1947, "will never surrender to any nuclear blackmail by India. The people of Pakistan are ready to offer any sacrifices and even eat grass to ensure nuclear parity with India." Iran's Shah Mohammed Reza Pahlavi, who has been spending billions of dollars in recent years on conventional armaments, warned darkly: "If small nations arm themselves with nuclear weapons, Iran will seek possession of them sooner than you think...

Author: /time Magazine | Title: ARMAMENTS: Mushrooming Spread of Nuclear Power | 9/9/1974 | See Source »

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