Iran Oil Nationalization (1951)

The Iran Oil Nationalization in 1951 was a significant event where Iran, led by Prime Minister Mohammad Mossadegh, sought to take control of its oil industry from British dominance. The British-owned Anglo-Iranian Oil Company (later BP) had been extracting Iran's oil and making large profits abroad. Iran's government wanted to manage and benefit fully from its natural resources, leading to the nationalization of the oil industry. This move increased national pride and economic independence but also caused tensions with Britain and led to international conflicts. The crisis ultimately influenced Iran’s political landscape and its relations with Western powers.