Muhammad Mosaddeq Reiterates a Plan to Nationalize Iranian Oil Ca. 1951Muhammad Mosaddeq Reiterates a Plan to Nationalize Iranian Oil Ca. 1951
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Unknown, 1951
Current format, Unknown, 1951, , Available.
Unknown, 1951
Current format, Unknown, 1951, , Available. Offered in 0 more formats
Iranian premier Muhammad Mosaddeq announced in May 1951 that Iran planned to nationalize the nation's oil assets. At the time, the majority of Iranian oil was controlled and distributed by the Anglo-Iranian Oil Company, a British corporation. Though the British government attempted to negotiate with Mosaddeq, he stood firm. Britain then instituted an embargo against Iranian oil, plunging Iran into an economic crisis.
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