Mokhatar-Al-Saltane and yoghurt story

He furthered this debt by borrowing even more funds from Britain, France, and Russia. The income from these later loans was used to pay earlier loans rather than create new economic developments. In 1908, oil was discovered in Persia but Mozzaffar ad-Din had already awarded William Knox D'Arcy, a British subject, the rights to oil in most of the country in 1901