D'Arcy Concession Granted

Date: May 28, 1901 • Location: Tehran, Iran

Mozaffar ad-Din, Shah of Persia, granted exclusive rights to prospect for oil in the country to businessman William Knox D'Arcy (pictured).

Mozaffar ad-Din Shah Qajar was the fifth Qajar shah of Iran, reigning from 1896 until his death in 1907. He is often credited with the creation of the Persian Constitution of 1906, which he approved of in one of his final acts as shah.