EVENT INFORMATION

1
May
1951

Iran nationalizes the oil industry

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๐Ÿ“… 1 May 1951 ๐Ÿ“ Iran

Iranโ€™s nationalization legislation took effect after Parliament passed the implementation law and the Shah assented. The move challenged the British-controlled Anglo-Iranian Oil Company. The dispute was about sovereignty and control of national resources as well as compensation and access to oil.

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People in this event

Mohammad Mosaddegh

Iranian parliamentarians

oil workers

Organizations in this Event

Iran

Anglo-Iranian Oil Company

United Kingdom