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Oil slides below $103 as Iran diplomacy intensifies, war risk premium unwinds
La RepúblicaLO·IR·about 7 hours ago
Historical analysis of Enrico Mattei's 1957 contract with Iran, which introduced a 75/25 profit split favoring the host country, shifting the oil partnership paradigm from concession to joint venture. The deal marked a precedent for producer-state equity and influenced future OPEC negotiations, though its immediate impact was limited to Iran.
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