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Iran’s oil had been discovered and later controlled by the British-owned AIOC. Popular discontent with the AIOC began in the late 1940s: a large segment of Iran’s public and a number of politicians saw the company as exploitative and a central tool of continued British imperialism in Iran.Despite Mosaddegh’s popular support, the AIOC was unwilling to allow Iranian authorities to audit the company accounts or to renegotiate the terms of its access to Iranian petroleum.