Iran's British embassy takeover: '1979 all over again'?

In an eerie echo of a Carter-era international crisis, hardline Iranian "students" seized the British embassy on Tuesday

Police chase protesters at the gate of the British embassy in Tehran: Hundreds of protesters stormed Britain's diplomatic compound on Tuesday, apparently to protest recent financial sanctions
(Image credit: REUTERS)

Young militant Iranians stormed Britain's embassy in Tehran on Tuesday, replacing the Union Jack with an Iranian flag, looting, throwing Molotov cocktails, breaking windows, and setting at least one car ablaze. British Prime Minister David Cameron called the rampage "outrageous and indefensible," and vowed that Iran will face "serious consequences" for failing to protect British diplomats and sovereign property. The U.K. has already closed and evacuated its embassy in Tehran, and has also ordered the closure of Iran's embassy in London. For many, the siege of Britain's diplomatic compounds is an unpleasant reminder of Iran's 1979-81 seizure of the U.S. embassy, when dozen of hostages were held captive. Here's what you should know:

What exactly happened on Tuesday?

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