1951day.year
Iranian oil industry is nationalized.
On March 15, 1951, Iran took control of its oil industry, ending foreign dominance of its key resource.
Iran's parliament passed legislation to nationalize the Anglo-Iranian Oil Company's assets.
Prime Minister Mohammad Mossadegh spearheaded the move to reclaim oil revenues for the Iranian people.
The decision provoked a diplomatic standoff with the United Kingdom and international oil interests.
Economic sanctions and legal disputes followed, straining Iran's economy.
This act became a defining moment in Iran's modern history and anti-colonial sentiment.
1951
nationalized