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History of Iran-US Oil conflict

History of Iran-US Oil conflict

Publicerat av Tony Harkén tisdag, 06 november 2018.

Iran and the United States of America conflict on oil dated back to 1953.

When the US in collaboration with the then British government overthrew the government of nationalist prime minister Dr. Mohammad Mosaddeq, who was leading the oil nationalization movement against Britain.

The US played the key role in the coup against Mosaddeq and in the aftermath of the coup, in 1954, a consortium was set up to run Iran's oil industry in which the US oil companies and the UK, newly established BP, had equal shares: 40 percent. The remaining 20 percent shares went to two other European companies.

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Tony Harkén

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