Iran. Lawyer Mohammad Mosaddegh or Mosaddeq[a] (Persian: مُحَمَد مُصَدِق) becomes prime minister, elected by the Iranian parliament. He nationalizes the AIOC (Anglo Iranian Oil Company), the concessionaire of the oil fields. This event leads to a British boycott of Iranian oil, a serious economic crisis, offers of aid from the Soviet Union, street protests largely organized by the CIA and MI6, and the restoration of the Shah on August 22, 1953.
