Exiled from Iran for more than 40 years, Iranian crown prince Reza Pahlavi, the son of the country’s deposed Shah, on Monday offered to lead Iran’s transition to democracy after regime change.

Pahlavi held a press conference Monday in Paris amid spiraling tensions in the Middle East, as Iran launched retaliatory strikes against U.S. assets in the region, in retaliation for U.S. strikes on three Iranian nuclear facilities over the weekend.

“We stand at a crossroads, one........

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