Iraq nationalizes Iraq Petroleum Company's (IPC) concession owned by British Petroleum, Royal Dutch-Shell, Compagnie Francaise des Petroles, Mobil, and Standard Oil of New Jersey (now Exxon). The concessions were valued at over one billion dollars.
The funeral service took place in the chapel on 5 June in the presence of the Queen, the royal family, and the Duchess of Windsor, who stayed at Buckingham Palace during her visit. He was buried in the Royal Burial Ground behind the Royal Mausoleum of Queen Victoria and Prince Albert at Frogmore.
In a show of support for Iraq, OPEC moves to prevent companies whose interests were nationalized in Iraq from increasing production elsewhere; appoints mediators between Iraq and IPC.
The term Watergate has come to encompass an array of clandestine and often illegal activities undertaken by members of the Nixon administration. Those activities included "dirty tricks," such as bugging the offices of political opponents, and the harassment of activist groups and political figures. The activities were brought to light after five men were caught breaking into the Democratic party headquarters at the Watergate complex in Washington, D.C. on June 17, 1972.
On 8 June 1972 the National Assembly of Bhutan approved Resolution 28, bringing into effect National Flag Rules drafted by the Cabinet. The rules have eight provisions covering the description and symbolism of the flag's colouring, fields and design elements. Other rules relate to the size of the flag as well as flag protocol.
On June 27, 1972, the two incorporated Atari, Inc. and soon hired Al Alcorn as their first design engineer. Bushnell asked Alcorn to produce an arcade version of the Magnavox Odyssey's Tennis game, which would be named Pong.