Oil, Power, and Intervention: The Story Behind Iran’s 1953 Coup
A Deal That Revealed the Imbalance In the mid-20th century, Iran sat on one of the world’s most valuable resources, oil, yet received only a fraction of its value. In 1947, Britain, through the Anglo-Iranian Oil Company, was making tens of millions of pounds annually from Iranian oil, while Iran received less than 18 percent
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