Dire Straits

September 1, 1953 — The Lansing State Journal

The Mossadegh Project | July 30, 2021                      

An editorial in a Lansing, Michigan newspaper on Iranís economic woes.

How About Selling Some Oil?

The shah of oil-rich Iran says his country is in imperative need of financial assistance, not in a matter of months or weeks but ďin a matter of days.Ē [Mohammad Reza Pahlavi]

The Iranian government wonít beg for the money, according to the 34-year-old monarch who also ruled out a loan. A loan, he said, would be an impossible form of assistance at present because the lower house of parliament which would have to approve its terms lacks a quorum.

Iranís financial straits were brought on by the countryís nationalization of the British-owned oil industry two years ago. While the shah may not be able to sell some of his oil in time to meet his governmentís urgent need for funds it looks as though a solution of the oil problem will have to precede a real solution of the financial problem not be long before much more about him than his principles will be defective.

Vernon Walters Amuses Crowd With Mossadegh Stories (1974)

Search MohammadMossadegh.com

Related links:

Iranís Shah Offers Principal Hope for Stability and of Frustrating Red Influence (1953)

Iran Will Take Aid From Anyone, Including Soviet | AP, August 24, 1953

Iran Needs Chance To Earn Its Way | The Saratogian, August 27, 1953

MOSSADEGH t-shirts — ďIf I sit silently, I have sinnedĒ

Facebook  Twitter  YouTube  Tumblr   Instagram