Oil production in Iran resumed

On 6 August 1954 the Iranian government under Shah Mohammed Resa Pahlawi signs a petroleum accord with eight Western oil companies from the United States, France and the Netherlands. The previous year the Shah had become head of state through a coup d’etat initiated by the CIA, the American intelligence service. The motive for the first overthrow of a foreign regime which Washington has to take responsibility for was Prime Minister Mohammed Mossadegh’s nationalisation of the country’s oil fields, which were under British ownership at the time.

© The Postcardman „H.M. J. Reza Schah Pahlavi in Persian parliament before the swearing-in“ - contemporary postcard with German and Russian inscriptions