Big Oil and British and US Black Hats did it before for Monopoly Oil Inc.
Soldiers surround the Parliament building in Tehran on August 19, 1953.
British Petroleum didn't want the Iranian oil fields under the control and ownernship of Iranians.
n 1951 Prime Minister Mohammed Mosaddeq received the vote required from the parliament to nationalize the British-owned oil industry, in a situation known as the Abadan Crisis. Despite British pressure, including an economic blockade, the nationalization continued. Mossadegh was briefly removed from power in 1952 but was quickly re-appointed by the shah, due to an overwhelming majority in parliament supporting him, and he, in turn, forced the Shah into a brief exile in August 1953. A military coup headed by his former minister of the Interior and retired army general Fazlollah Zahedi, with the active support of the intelligence services of the British (MI6) and US (CIA) governments - including mass propaganda leaflet dropping (slogans such as; "Up with Communism, Down with Ala" and "Down with Islam, up with Communism" – designed specifically to turn the population against Mossadegh, as well as the agents of CIA and MI6 (dressed as Mossadegh supporters) spurting machine guns into crowds (known as Operation Ajax), forced Mossadegh from office on August 19. Mossadegh was arrested and tried for treason by an un-official military tribunal, (Mossadegh was imprisoned and his officials decapitated in public) while Zahedi succeeded him as prime minister, and turned the country into a Police State with Martial Law.
In return for the US support the Shah agreed, in 1954, to allow an international consortium of British (40% of shares), American (40%), French (6%), and Dutch (14%) companies to run the Iranian oil facilities for the next 25 years. The international consortium agreed to a fifty-fifty split of profits with Iran but would not allow Iran to audit their accounts to confirm the consortium was reporting profits properly, nor would they allow Iran to have members on their board of directors. There was a return to stability in the late 1950s and the 1960s. In 1957 martial law was ended after 16 years and Iran became closer to the West, joining the Baghdad Pact and receiving military and economic aid from the US. The Iranian government began a broad program of reforms to modernize the country, notably changing the quasi-feudal land system.