Nationalization of the Iranian oil industry

The nationalization of the Iranian oil industry (Persian: نهضت ملی شدن صنعت نفت ایران) resulted from a movement in the Iranian parliament (Majlis) to seize control of Iran's oil industry, which had been run by private companies, largely controlled by foreign interests.

The movement was led by Mohammad Mosaddegh, a member of the Majlis for the National Front and future prime minister of Iran.

When faced with demands from the oil companies of these three countries, the Iranian government announced that the issue would be decided after the war.

It consisted of various political efforts whose joint objective was the protection of the rights of Iranian oil industry.

Before gaining recognition as the leader of the national oil movement, he played a large role in the trans-Iranian railway project and the re-organization of the courts and the Justice Department.

[1][5] In April, Mosaddegh was selected as prime minister by Shah Mohammad Reza Pahlavi under immense pressure from the Majlis.

In the first year of the nationalization, the only foreign sale of Iranian oil were 300 barrels to an Italian merchant ship.

Foreign oil companies prevented any impacts of the Iranian withdrawal from being felt by consumer countries by increasing output elsewhere.

The National Iranian oil company as an international consortium was founded and the AIOC was made a member.

With the nationalization of the oil industry, British and American political influence continued for years after coup.