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Event

Tehran price decision of December 1973

The meeting in Tehran on 22 and 23 December 1973 at which Persian Gulf members of OPEC raised the price of their crude.

5 links, 5 backed by primary records

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Dates
22–23 Dec 1973

Connections 5

interventions

  • Mohammad Reza Pahlavi 23 Dec 1973 argued for higher prices; spoke at a press conference on 23 December Primary record 1
  • Ahmed Zaki Yamani 26 Dec 1973 told a U.S. official that Saudi Arabia had opposed the rise Primary record 1

involved

  • OPEC Persian Gulf members raised their prices Primary record 1

caused by

located in

Timeline 3 dates
  1. 22–23 Dec 1973 Tehran price decision of December 1973
  2. 23 Dec 1973 Mohammad Reza Pahlavi intervened in Tehran price decision of December 1973
  3. 26 Dec 1973 Ahmed Zaki Yamani intervened in Tehran price decision of December 1973
Proof 1 source
  1. Telegram From the Embassy in Iran to the Department of State, Tehran, 26 December 1973 (FRUS 1969–1976, vol. XXXVI, doc. 271), U.S. Department of State, Office of the Historian, 26 Dec 1973. Primary record
    “I cannot get less for my oil than other countries,” said the Shah.
    Saudi Arabia had “strongly opposed” the price increase at the Tehran meeting
    The consternation caused by the doubling of Persian Gulf crude oil prices
    The October war and resulting oil embargo set the stage for skyrocketing crude prices.
    the Persian Gulf members of OPEC, who were to meet in Tehran December 22–23
Page history 1 change
  1. Add The Oil Weapon: the 1973 oil embargo, from OPEC's founding to the Strategic Petroleum ReserveAlibekb19881d

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