How Oil Reshaped Global Power
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In 1908, a single oil strike in Persia silently shifted the balance of global power.
That oil was discovered at Masjed Soleyman, in modern-day Iran. It was found by William Knox D’Arcy,
backed by British capital. Soon after, Britain created the Anglo-Persian
Oil Company. In 1914, Winston Churchill, then First Lord of the Admiralty,
made a bold move. He converted the British navy from coal to oil. This tied national
security directly to oil supply. During World War I, oil powered ships,
tanks, and aircraft. Control of oil fields became a strategic priority.
After the war, borders in the Middle East were redrawn. Mandates and monarchies formed around oil
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