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1973 oil crisis - Tehran Price Agreement of 1971

Time: Sunday Feb 14, 1971

Place: Tehran, Iran

Details: Under the Tehran Price Agreement of 1971, the posted price of oil was increased and, due to a decline in the value of the US dollar relative to gold, certain anti-inflationary measures were enacted.

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On This Day - 14 February

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February 1971

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1971

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