From The Japan Times · Imran Khalid · · 50s
America’s oldest bad idea about oil
U.S. oil politics backfired on Ukraine as Trump blames Zelenskyy for price hikes.
In brief
U.S. oil politics backfired on Ukraine as Trump blames Zelenskyy for price hikes. Trump blamed Ukraine’s attacks on Russian refineries for oil price spikes, ignoring the impact on American farmers. Originally reported by The Japan Times.
U.S. oil politics
Seventy-three years ago, Washington decided an elected prime minister was bad for the oil market.
Mohammad Mossadegh nationalized oil
Mohammad Mossadegh nationalized the Anglo-Iranian Oil Company, the forerunner of BP.
1953 coup against Mossadegh
In August 1953, Mossadegh was overthrown, and the U.S. played down its role for decades.
2013 CIA admission
In 2013, the CIA’s internal history stated the coup was carried out under U.S. foreign policy.
Trump blames Ukraine
Trump said Ukraine’s attacks on Russian refineries hurt American farmers and ranchers.
At a glance
Trump blamed Ukraine’s attacks on Russian refineries for oil price spikes, ignoring the impact on American farmers.
