Word: arabia
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Dates: during 1980-1989
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Included on the guest list were Sens. Edward M. Kennedy '54 (D-Mass.) and John F. Kerry (D-Mass.), Supreme Court Justices Harry A. Blackmun '29 and William J. Brennan, Gov. Michael Dukakis, Saudi Arabia's top oil man, Sheikh Ahmed Zaki Yamani, and the Aga Khan '58. Members of the Corporation, the Board of Overseers, Radcliffe Trustees, several prominent faculty members, Bok's children and selected alumni were also invited...
...Brookings Institution, "and every year it peters out." Nonetheless, the prospect, however faint, that Iran could begin to extend its control deeper into Iraq and then through the gulf is too serious to be ignored. Windows in Kuwait already rattle from Iranian artillery bombardments just 15 miles away. Saudi Arabia and other neighboring states are growing increasingly nervous. "Complacency can be fatal," says Gary Sick, a former National Security Council staffer who has kept a close eye on Iran. "The ramifications of a possible Iranian victory are just so enormous that we've got to think them through...
Some experts fear that Iran may redouble its air attacks against tankers leaving ports in Saudi Arabia and Kuwait, two of Iraq's chief financial backers. Iran could also launch its long-awaited offensive along the central battlefront between Baghdad and Basra, where Tehran claims to have 650,000 men. Whatever the response, the Sirri raid has only increased the ferocity of a seemingly endless...
This is far from the first time that OPEC has tried to cope with oil prices, which have been falling since 1981 because of sluggish world demand. The group has periodically imposed quotas, but they never stuck. For most of this decade, Saudi Arabia, OPEC's largest producer, kept its production far below capacity. Last year, though, it began a new strategy of boosting output and flooding the market. A price war ensued, as Yamani knew it would...
Political tensions could destroy the truce among OPEC nations. Relations between Iran and Saudi Arabia have been strained for years. The Saudis have been financing Iraqi attacks against Iran, which has itself fired upon Saudi oil tankers in the Persian Gulf region...