Anglo-Persian Agreement

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The Anglo-Persian Agreement was a document involving Great Britain and Persia (Iran) and centered around drilling rights of the Anglo-Persian Oil Company. It was never ratified by the Majlis. The "agreement" was issued by British Foreign Secretary Earl Curzon to the Persian government in August of 1919. It stated a guarantee of British access to Iranian oil fields (including five northern provinces formerly under the Russian sphere of influence). In return the British would:

Supply munitions and equipment for a British-trained army
Provide a 2 million sterling loan for "necessary reforms"
Revise the Customs tariff
Survey and build railroads

The document was denounced worldwide as hegemonic, especially in the United States, which also had designs on accessing Iranian oil fields. Eventually, the Anglo-Persian agreement was formally denounced by the Iranian Parliament (Majlis) on June 22, 1921.