Historic photos of beginning of OPEC

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Economists often cite OPEC as a textbook example of a cartel that cooperates to reduce market competition, but one whose consultations are protected by the doctrine of state immunity under international law. In December 2014, “OPEC and the oil men” ranked as #3 on Lloyd’s list of “the top 100 most influential people in the shipping industry”.

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Photos of ordinary people on the streets

The cultural atmosphere of Iran in the 1950s was characterized by a dynamic and often …