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Crisis of confidence. The OPEC oil cartel announced another oil price increase that sent prices skyrocketing and led to severe shortages, long lines and short tempers. . Iran Hostage crisis. 1951 Iranian parliament unanimously voted to nationalize the oil industry BP would lose millions
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Crisis of confidence The OPEC oil cartel announced another oil price increase that sent prices skyrocketing and led to severe shortages, long lines and short tempers.
Iran Hostage crisis • 1951 • Iranian parliament unanimously voted to nationalize the oil industry • BP would lose millions • Mohammad Reza Pahlavi • Shah of Iran 1953
Iran hostage crisis Slide show
Iran Hostage crisis Video clip