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The story of 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.

22–23 Dec 1973

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.

1973

23 Dec 1973: Mohammad Reza Pahlavi intervened in Tehran price decision of December 1973. Argued for higher prices; spoke at a press conference on 23 December.

26 Dec 1973: Ahmed Zaki Yamani intervened in Tehran price decision of December 1973. Told a U.S. official that Saudi Arabia had opposed the rise.

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