1933. Reza Shah signs a new agreement with the Anglo-Iranian Oil Company extending the concession for thirty-two years in return for a 4 percent increase in the royalties to Iran.

1933. Reza Shah signs a new agreement with the Anglo-Iranian Oil Company extending the concession for thirty-two years in return for a 4 percent increase in the royalties to Iran.

FROM THE FEATURE

Pezhman Zahed: Blowback: BP, Iran, & oil profits