About this book:

*Oil, State, and Society: The Political Economy of Iranian Petroleum* provides a comprehensive history of how the discovery and exploitation of oil transformed Iran from a fragmented agrarian society into a centralized rentier state. The narrative traces the evolution of oil governance from the early, lopsided 20th-century British concessions to the landmark 1951 nationalization movement led by Mohammad Mossadegh. The subsequent 1953 coup—orchestrated by British and American intelligence—is depicted as a pivotal moment that restored the monarchy and established a consortium era, cementing a political structure where the state became financially autonomous from its citizens, thereby fostering authoritarianism and stifling democratic accountability.

The book delves into the socio-economic upheavals within Iran’s oil heartlands, such as Khuzestan, where the rise of an industrial proletariat and company towns created new class dynamics and sites of labor resistance. It explores how the "White Revolution" and the 1970s oil price shocks accelerated modernization but also deepened the state's dependency on "petrodollars." This wealth paradoxically empowered traditional networks—the bazaar and the clergy—as the Shah’s top-down, secularizing reforms and perceived Western dependency alienated large segments of society, eventually fueling the 1979 Revolution.

In the post-revolutionary era, the text examines how the Islamic Republic navigated the ideological challenge of "Islamic nationalization" amid the devastation of the Iran–Iraq War and escalating international sanctions. It details the emergence of technocratic strategies like "buy-back" contracts designed to attract foreign capital without yielding sovereignty, and the subsequent development of a "shadowed" economy to bypass global embargoes. The narrative also addresses the domestic "politics of price," where pervasive energy subsidies became a tool for populist legitimacy but created massive economic distortions and social volatility.

The concluding chapters assess the multifaceted costs of Iran's oil-centric path, including severe environmental degradation, gendered labor disparities, and regional grievances in neglected borderlands. Looking toward the future, the book argues that Iran faces an existential need for structural reform and economic diversification. As global energy markets transition away from fossil fuels, the author suggests that Iran’s long-term stability depends on its ability to dismantle the rentier state model, resolve its international diplomatic standing, and foster a more inclusive, non-oil-based political economy.