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aug 29, 1954 - Iran signs oil deal

Description:

Under intense pressure from the US and UK, Mohammad Reza Shah signs the Consortium Agreement 1954 giving US, British, and French oil companies 40% of the oil industry for 25 years.

Added to timeline:

The United States & SWANA

ByMrBrownMHS
28 Apr 2025
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Date:

aug 29, 1954
Now
~ 71 years ago

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