BP in the Gulf -- The Persian Gulf
How an Oil Company Helped Destroy Democracy in Iran
By Stephen Kinzer
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This oil company was the most lucrative British enterprise anywhere on the planet. To the British, nationalization seemed, at first, like some kind of immense joke, a step so absurdly contrary to the unwritten rules of the world that it could hardly be real. Early in this confrontation, the directors of the Anglo-Iranian Oil Company and their partners in Britain's government settled on their strategy: no mediation, no compromise, no acceptance of nationalization in any form.
The British took a series of steps meant to push Mossadegh off his nationalist path.
They withdrew their technicians from Abadan, blockaded the port, cut off exports of vital goods to Iran, froze the country's hard-currency accounts in British banks, and tried to win anti-Iran resolutions from the U.N. and the World Court. This campaign only intensified Iranian determination. Finally, the British turned to Washington and asked for a favor: please overthrow this madman for us so we can have our oil company back.
American President Dwight D. Eisenhower, encouraged by his Secretary of State John Foster Dulles, a lifelong defender of transnational corporate power, agreed to send the Central Intelligence Agency in to depose Mossadegh. The operation took less than a month in the summer of 1953.
It was the first time the CIA had ever overthrown a government.much more:
http://www.tomdispatch.com/post/175267/tomgram%3A_stephen_kinzer%2C_bp%27s_first_%22spill%22/#more