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International Politics and Iraqi Oil, 1918–1928: A Study in Anglo-American Diplomacy

William Stivers

Business History Review, 1981, vol. 55, issue 4, 517-540

Abstract: In recent years the political turmoil in the Middle East, the activities of OPEC, and the threat of “the oil weapon” have created so many reverberations in the industrialized world that it is easy to forget that petroleum has long been a significant factor in international politics. A relatively early case in point is the controversy that emerged after World War I when British and American interests clashed over the control and exploitation of the great oil wealth of Iraq. While the problem was satisfactorily resolved—at least from the Anglo-American standpoint—the action of diplomats on both sides not only reflected the growing importance of Middle-Eastern petroleum but also brought out the differing British and American philosophies of what the international economic order should be. While some people may disagree with the interpretation offered in this essay, Professor Stivers clearly demonstrates that access to and control of petroleum resources lay at the heart of the contentious issues that altered and shaped the international order of the early twentieth century.

Date: 1981
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