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From Shah to sanctions: how revolution rewired Iran’s oil world
Iran’s oil story is, in many ways, inseparable from its political evolution—a long arc that begins under Western dominance, breaks abruptly with revolution, and ultimately reorients toward a very different set of partners. For much of the twentieth century, Iran’s vast hydrocarbon resources were deeply embedded in the Western system. Following the 1953 Iranian coup d'état, a consortium of Western oil majors—including what would later become ExxonMobil and Chevron—played a cen

Ken Philips
2 days ago3 min read
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