The Tehran agreement, as it came to be known, was facilitated by Saudi Arabia oil minister, a western educated individual who used, “sweet reasonableness,” to get a favorable deal. Fearing that the oil producers may take over their assets, Western oil companies had no real choice but to accept the terms. At this point, it was becoming more apparent that power was shifting over to the oil producers. Encouraged by their overwhelming success at the conference, some oil nations began to see the oil as more than just a resource. In the eyes of some, oil was also the perfect political weapon, or what they came to call the “oil
The Tehran agreement, as it came to be known, was facilitated by Saudi Arabia oil minister, a western educated individual who used, “sweet reasonableness,” to get a favorable deal. Fearing that the oil producers may take over their assets, Western oil companies had no real choice but to accept the terms. At this point, it was becoming more apparent that power was shifting over to the oil producers. Encouraged by their overwhelming success at the conference, some oil nations began to see the oil as more than just a resource. In the eyes of some, oil was also the perfect political weapon, or what they came to call the “oil