Power Grabs and Crude Decisions

Paasha Mahdavi










This photograph was taken on June 27, 1974, in Versailles, France, at a press conference held by the Shah of Iran, Mohammad Reza Pahlavi. Eighteen months earlier, the Shah had re-nationalized the oil operations of French, British, and American companies in Iran in a bitter dispute over production levels and revenues owed to the Iranian treasury. Yet here he was in Versailles, accompanied by fireworks and a full-blown Royal welcome, inking a $1 billion deal as advance payment for shipping Iranian oil to France.........

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