In the case of Iran, the chain of blowbacks was rather devastating and the series of reactions that were let loose forced the United States of America to pay a very heavy price for decades on end.Mosaddeq had come to power in 1951 riding on the back of massive support from nationalist elements that were smarting for half a century from the patently unfair revenue sharing arrangement the country had with British government-controlled Anglo-Iranian Oil Company that enjoyed exclusive authority over the entire oil reserves of Iran. The revenue-sharing arrangement was heavily biased against Iran in as much as it provided for only 16% of the profits from the venture to remain within the country with the rest filling the coffers of Anglo-Iranian Oil Company. (Kinzer, 2003)The first step was taken by the Iranian parliament (Majlis) in 1951 when it nationalized the Anglo-Iranian Oil Company and proceeded to elect Mosaddeq as Prime Minister. This act of defiance by the Iranian parliament disturbed the almost half a century old stranglehold that the British government-owned company had over the entire oil sector of oil-rich Iran. A naturally peeved Great Britain initially contemplated military action to restore the status quo but later decided against it and proceeded to organize an international boycott of Iranian oil. (Guardian Editorial Desk, 2003)This was the overt action by Britain while it covertly planned a forcible overthrow of the government of Mosaddeq through a coup détat against the democratically elected government of Iran. As the international boycott had its desired effect and Iran started suffering from economic hardships, United States gradually got embroiled in this struggle between Anglo-Iranian Oil Company and Iran as it acceded to the request of the British government to help it out in organizing the overthrow of Mosaddeq regime.
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