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new NATIONAL the ARCHIVES AND RECORDS SERVICE** BEEN CABINET MEETING, FRIDAY, JUNE 22, 1951 Tobin - McGrath - Wilson - Absent Harriman - Galvin for Labor COLONEL - (AAF) Briefed Cabinet on Korea. V. P. Pres. of Ecuador made excellent speech at Joint Session of Congress yeaterday. ACHESON Developments in Iran are very bad. British made a generous offer but it was turned down cold and Iran took over British oil property. British may be forced to shut down refinery which employs 70,000 people - represents 25% of total national income. This will prob- ably result in a revolution in Iran. After 74 meetings in Paris the U. S. has cut off discussions with the Deputies of Big 3 countries. . This was result of Soviet stalling tactics. CHAPMAN Iran situation will cause need for reshuffling of our domestic supply system as well as the need to supply our allies with their re- quirements. SAWYER If airline strike goes forward Air Force will have to take over. BRANNAN Has 30 Senate signatures supporting administration sugar program. Thinks we will get by in good shape. 11:40