Anglo-Russian Entente
The Russians also organized a banking institution in Iran, which they established in 1890. In 1907, Russia and Britain divided Iran into three segments that served their mutual interests, in the Anglo-Russian Entente of 1907. The Russians gained control over the northern areas of Iran, which included the cities of Tabriz, Tehran, Mashad, and Isfahan. The British were given the southeastern region and control of the Persian Gulf, and the territory between the two regions was classified as neutral territory.