Host Frank Knight speaks in a television program Longines Chronoscope. Max W Thornburg, Petroleum Adviser, Department of State, interviewed by Henry Hazlitt and William Bradford Huie. Thornburg talks about his experience in the Middle East oil industry and credentials as Petroleum Adviser, causes of the oil nationalization crisis in Iran and British interference in Iranian politics. Further he speaks about failure of effective Anglo-Iranian oil policy, and lack of U.S. corporate initiatives in developing realistic oil agreements in the Middle East.
Iranian Premier states Iran's case in the Anglo Iranian oil crisis at the United Nations Security Council in New York. Mosaddeq at the meeting. Mosaddeq blames Great Britain for the crisis and tellS the UN not to intervene in its internal matters. Delegates with headphones listen to his address. British representative to the UN Security Council Gladwyn Jebb and Warren Robinson Austin, the representative from the U.S. also present.
Peaceful large crowd with banners and flags,supporting nationalization of Anglo-Iranian Oil Company, marches on streets of Tehran. A banner shows a man with chained hands. Gathering is broken up by military vehicles and mounted police on horseback. A mosque in the background.