Iran, Petroleum, and the Great Powers
New Efforts to Achieve Settlement of Oil Dispute
Failure of the Security Council of the United Nations to take action in the controversy between Great Britain and Iran over nationalization of the Iranian oil industry appeared to leave that Middle Eastern conflict as far from settlement as ever. The Council simply postponed debate on the question, Oct. 19, until the International Court of Justice has ruled on its own competence to act in the case. But Iran's continuing refusal to concede that either the Court or the Council has jurisdiction interposes a block to solution through the international organs to which Britain appealed.
However, the United States, which made an attempt at mediation last summer, has not given up hope of ...