Moves by the Persian government to seize the vast oil works of the Anglo Iranian Oil co., and its rejection of all overtures for working out an acceptable basis on which oil could be kept flowing, bring a situation fraught with possibilities.
So much is at stake that the British Government, as predominent holder in the undertaking, could not submit to an act of gross expropriation. If the British were to be bundled out, a shaterring blow to British presige throughout Asia would be given.
