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Events on Tuesday 1 May 1951 1
1951Iran Nationalizes Its Oil IndustryMossadegh government seizes Anglo-Iranian Oil Company assetsIran's parliament, driven by Prime Minister Mohammad Mossadegh, voted to nationalize the British-controlled Anglo-Iranian Oil Company. The move triggered an international crisis and a British-led boycott of Iranian oil. The dispute culminated in the 1953 coup that removed Mossadegh from power.