Word: arabian
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...threat to mine the Strait of Hormuz if other countries intervened in the conflict was a bluff. U.S. intelligence found no evidence that Iran was manufacturing mines or acquiring them from abroad. But just in case, helicopters rigged for minesweeping were standing by on U.S. carriers in the nearby Arabian Sea. "There is no question that we can keep the strait open," Assistant Secretary of Defense for International Security Affairs David McGiffert told TIME...
While the Saudis were grateful for the AWACs, the gulf states have complained about the U.S. naval buildup outside the Strait of Hormuz in the Arabian Sea. The gulf states share an anguished ambivalence toward American military protection. They want the security of having U.S. forces poised beyond the horizon to salvage them in a crisis, but they do not want them too close for fear of provoking a counterbuildup of Soviet forces...
DIED. Lewis Milestone, 84, director of nearly 40 films, notably the 1930 Academy Award-winner All Quiet on the Western Front; after a long illness; in Los Angeles. Russian-born Milestone won his first Oscar for a 1927 war comedy called Two Arabian Knights. He also directed the 1931 version of The Front Page, starring Adolphe Menjou and Pat O'Brien, the 1940 Of Mice and Men, starring Burgess Meredith, and the 1962 remake of Mutiny on the Bounty, starring Marlon Brando...
...ceiling at $10 per barrel. Obviously, they did not foresee OPEC's tenacity or the Iranian revolution and subsequent supply disruption. The possibility of another significant oil supply shock within the next five years festered in the imagination of MR&A forecasters. The downfall of the present Saudi Arabian government looms on the horizon: "If CIA reports claiming the Soviet Union will run out of domestic oil supplies by 1983 prove accurate, it's not hard to guess where it will find the oil it needs," a Westinghouse executive prognosticated...
BAHRAIN. The first oil producer in the Arabian peninsula, this island nation has come to grips with the fact that its wells, now pumping only 50,000 bbl. a day, will soon run dry. It is rapidly transforming itself into the service and financial center of the gulf. More than 120 banks have opened offices in Bahrain with an eye on the ballooning revenues of the oil producers. But some 70% of the population (250,000) is under 20 years of age, and there have been rumblings against the absolute rule of Sheik Isa bin Sulman al Khalifa...