International records / Foreign Relations of the United States
49. Telegram From the Department of State to the Embassy in Iran
S. be ended immediately and not await the outcome of the current disengagement negotiations in Geneva. Telegram 37 from Tehran, January 2, 1974, transmitted the Shah’s response that Iran would consider reducing its crude oil price only if Venezuela, Nigeria, Indonesia, Libya, and Algeria, which kept raising their prices, did the same. The Embassy commented: “You should not in our opinion read any significant degree of hope that Shah will reduce prices in the near term. However, door is still open to dialogue on fixing future prices provided consumers and producers can get together very soon.” …
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