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America’s oldest bad idea about oil

America’s oldest bad idea about oil

japantimes.co.jp 18.10.2026 09:21 6 views
From Iran in 1953 to Ukraine today, Washington's pursuit of oil has repeatedly undermined its own strategic interests.

Seventy-three years ago, Washington decided that an elected prime minister was bad for the oil market. Mohammad Mossadegh had nationalized the Anglo-Iranian Oil Company, the forerunner of BP. In August 1953, he was overthrown.

For decades, the United States played down its part. Then in 2013 the CIA’s internal history, released under freedom of information law, stated that the coup was carried out “under CIA direction as an act of U.S. foreign policy.” The shah it restored ruled until 1979 — and Iranian politics still carries the scar. President Donald Trump told reporters it was “time for Ukraine to get a new president.” His grievance had nothing to do with corruption or battlefield losses.

Volodymyr Zelenskyy kept hitting Russian refineries, and Trump says that hurts American farmers and ranchers who need diesel.

Extract — continue reading at the source.

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