On This Day

March 16, 1973 in History

Day of the Week: Friday

Events in History

  • OPEC discusses raising prices to offset decline of U.S. dollar value

AgreementAgreement of Interest

Shah of Iran Mohammad Reza Pahlavi and Consortium members agree to nationalize all assets immediately in return for an assured 20-year supply of Iranian oil

Last Shah of Iran Mohammad Reza Pahlavi
Last Shah of Iran
Mohammad Reza Pahlavi

Birthdays in History

  • Zef Eisenberg, British ultra-speed racer (world's fastest motorbike on sand 201.5mph; fastest wheel powered vehicle 210.33mph) and founder Maximuscle, born in London, England (d. 2020)