TEHERAN: The Iranian Government’s demand for three quarters of all oil proceeds is “absolutely unacceptable in its present form”, authoritative British sources said today [June 15]. But the sources said as the Iranians were in “desperate” financial position the British delegation might agree to pay over several million pounds on the basis of “mutual goodwill”[.]

The Company owes the Iranians four million sterling suspended oil royalties to-date. Highly placed British sources emphasised that there could be no full agreement to yesterday’s demand. The Iranian Government made the demand a condition for opening talks with representatives of the Anglo-Iranian Oil Company on Iran’s nationalisation of the oilfields and installations. The Iranians are asking for 75 per cent of all proceeds since ... the nationalisation law was passed.

[Meanwhile, according to news agencies from Karachi,] [The city] had the hottest day of the season on Friday [June 15] when the mercury shot up to 110 degrees Fahrenheit, the highest temperature recorded since 1949. According to weather prophets the heat wave which has been scorching the Federal Capital for the last four days will continue for another two days.

Published in Dawn, June 16th, 2026