A British company strikes oil in Persia (now Iran). It's the first big petroleum find in the Middle East, and it sets off a wave of exploration, extraction and exploitation that will change the region's -- and the world's -- history.
In 1912, several rival groups banded together to establish the Turkish Petroleum Company, which would seek a concession to explore for Iraqi oil.
WW1 was a global war centered in Europe that began on 28 July 1914.
US had a greater say so of the Middle East oil
The US provided 60% of the world's oil
The Red Line Agreement is the name given to an agreement signed by partners in the Turkish Petroleum Company.
US sets up their own drilling company
Discovery of oil barain by a US oil company
Oil discovered in Kuwait
There was a Coup
In October 1973, OPEC declared an oil embargo.
The US sent the military force to the Cartel
The Gulf War, codenamed Operation Desert Storm was a war waged by coalition force from 34 nations led by the United States against Iraq in response to Iraq's invasion and annexation of Kuwait.
President of Iraq sets fire to oil field
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