British Diplomatic Oil Crisis: Contemporary Anglo-Saxon Geopolitical Rivalries in the Persian Gulf: Drawing a Lesson? Or Sir Anthony Eden‘s Delusion of Grandeur.

in the oil
issue. In early October 1953, via Washington, contacts
between the British Government and the new Iranian Government were
re-established. This process went so fast that by 20th October the
Foreign Secretary, Anthony Eden, announced in the House of Commons
that the British Government,

wish
sincerely to extend once more the hand of friendship. The
Persian Government are aware that we are ready to resume diplomatic
relations. If this can be done, it will then be easier for us to
discuss together the complex problem of Persian oil.47

In reply
to the British Foreign Secretary’s announcement, the
Iranian Ambassador in Washington on 31st October said,

The
Persian Government would like to presume that there is no major
difference between the Persian and British governments which could
not achieve a solution. The dispute was only with the AIOC.48

Contacts
between London and Teheran from then onwards continued,
which led to the official announcement in Teheran, on 5th December
1952, of the resumption of diplomatic relations. On 21st December
the new British Charge d’Affaires arrived in Teheran, and the
British Embassy was reopened. There was a rise of 10/- in the value
of the Anglo-Iranian Oil Company’s shares to 142/- (in 1951 they had
fallen below 90/-) and by the start of 1954 they were back at 190/-

. Following several trips to
Iran by Herbert Hoover, special oil
advisor to the US Secretary of State, John Foster Dulles, in order
to lay the groundwork for negotiations to settle the oil dispute
between Britain and Iran, on 1st February 1954 an announcement by
the AIOC was made. The Anglo-Iranian Oil Company