Word: arabian
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...were apparently launched from the Fao peninsula, a spit of Iraqi land north of Kuwait that is now occupied by Iran. An American air strike against the sites would seem the most logical countermeasure. But the nearest U.S. fighter-bombers are on the aircraft carrier Ranger, cruising in the Arabian Sea 1,200 miles from Fao. The jets would have to refuel in midair, since the gulf Arab states, including Saudi Arabia and Kuwait, are skittish about letting them land on their territory for fear of Iranian reprisal. And because the Silkworms are truck-mounted and mobile, there...
...Germany too offered indirect support, sending three warships into the Mediterranean to free other NATO vessels for gulf patrols. Britain, France, Italy and the Netherlands already have warships and minesweepers on duty in the gulf -- as does the Soviet Union, which has a dozen ships there and in the Arabian...
...petroleum prices were high in the late 1970s, First City lent extensively to oil-rig builders and small supply firms. When prices later plunged, loan defaults skyrocketed. First City then boosted its presence in real estate loans -- and that market softened. As foreclosures mounted, First City's management offered Arabian horses, Porsches or 40-ft. yachts to new customers who maintained accounts of $100,000 and up. The gimmicks did not lure enough high rollers to stanch First City's losses, and talk of a takeover, bailout or shutdown mounted...
...weeks ago. After blaming the U.S. for riots that killed nearly 300 Iranian pilgrims in Mecca, Ayatullah Ruhollah Khomeini launched four days of war games in the strait and loudly promised to settle the score. Late last week an explosion at an Aramco gas plant on the Saudi Arabian coast raised fears that Iran was stepping up its campaign of terrorist subversion against its gulf neighbors. Some 20 workers were killed. Earlier, Iranian officials paid lip service to a United Nations Security Council resolution that called for an end to the Iran- Iraq war. Iran's U.N. Ambassador, Said Rajaie...
This week, two more setbacks struck President Reagan's policy in the Persian Gulf. A mine destroyed an Arab supply vessel in what were supposedly safe waters off the United Arab Emirates, and a possible act of terrorism destroyed a major Saudi Arabian-American oil installation in the Gulf itself...