Iran as a regional military power (1970-78)
After 1970, Iran under the Shah started acquiring most of the attributes of a major regional power in the Persian Gulf region. As compared with its neighbours, it had a relatively larger population, a better developed techno-industrial base and a higher oil production rate(second only to Saudi Arabia). After the 1973 Arab-Israeli war, the excess of oil revenues as a result of the oil price increase was used to convert the Iranian oil wealth into a sizable military machine. This was mainly...[Show more]
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