The policies and actions of revolutionary Iran continue to reverberate throughout the world. Now with a new epilogue on the Iranian-American arms deal. ''Revolutionary Iran'' is the most incisive account to date of the Khomeini regime's foreign policy and its impact on international affairs. Despite its stridency. Iran has subtly and steadily moved toward a more pragmatic foreign policy. In the new epilogue, R. K. Ramazani probes the most striking manifestation of this tendency-- the secret arms-for-hostages dealings that formed Iran's ''America initiative''. He relates this initiative to Iran's factional domestic politics and its angry conflict with the United States in the Persian Gulf. ''Revolutionary Iran'' demands the attention of anyone concerned with American interests in the Middle East.