Never has been.

The London Financial Center just spooks the market and raises insurance premiums ... scalping both sides of the trade, that's why MI6 overthrew the Shah to begin with... to weaponize oil market and ensure the middle east doesn't have unilateral control of the financial system

The Council on Foreign Relations' "Project 1980s" (launched in 1975) explicitly called for halting such industrial development worldwide—including in the U.S. It became Carter administration policy. Their own words: "A degree of controlled disintegration in the world economy is a legitimate objective for the 1980s and may be the most realistic one for a moderate international economic order."

By the mid-1970s, the Shah was leveraging oil wealth to rapidly industrialize. Over 30 nuclear power plants were in construction or planning stages (with France and West Germany). A massive steel industry was rising. Once Khomeini took power, he canceled every modernization project—nuclear plants, steel mills—denouncing them as "Western" and "anti-Islamic." The resulting supply disruptions and media-fueled panic shattered economies in France, Germany, and the U.S. The City of London's banks profited massively from speculative oil markets, insurance, and global energy/raw-materials settlements.