Albert Boghoziyan A cursory glance at the contemporary history of Iran will reveal that although the black gold (crude oil) is counted among the God-given bounties of Iranians for many years, the colonialistic British government had been holding a firm grip on it for many years. That grip had been so firm that according to available historical evidence, the benefits of Iran's crude oil resources were divided at a ratio of 1:6 in favor of the British side.