Iranian oil to Franco's Spain on the cheap via a pipeline that ran from Iran through Israel, thence to Albania and on to Spain
I hate to be a geography PN, but at the very least some steps are missing here... The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
After the Six Day War, Iran supplied Israel with a significant portion of its oil needs and Iranian oil was shipped to European markets via the joint Israeli-Iranian Eilat-Ashkelon pipeline.[1][2] Brisk trade between the countries continued until 1979.[3] Israeli construction firms and engineers were active in Iran.
See also: In the pipeline: More regime change. Or, as a last resort, read the first portion of the article. :-)
Israel got to keep a significant portion of the oil for its role, Albania and, probably, Syria got bribed. Iran got a market for oil in excess of its OPEC quota. As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
