Word: canale
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Dates: during 1960-1969
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...trouble was that Hussein's tone was more convincing than his words. Aside from an early-and never repeated-statement that Nasser might be willing to let Israeli ships use the Suez Canal "under certain conditions," Hussein said little that he had not been saying for months. The Arabs were willing to recognize Israel's right to exist, but not necessarily to recognize Israel. They wanted a "just and lasting peace" but not a formal peace treaty. And before any settlement could even be considered, Israel must withdraw its troops from occupied Arab lands. At one point...
...ebullient. Yaël was assigned as a combat correspondent to the armored division of celebrated General Ariel ("Arik") Sharon. She records how Sharon, outmanned and outtanked,swept out of the Negev, cracked the Egyptian main line of resistance at Um-Katef, and opened the route to the Suez Canal for Israeli armor. She has a sharp sense of color. At the village of Nahel: "The sandstorm receded, and silence took over. The horn of a burning vehicle was operating-a wan sound of alarm not to die for hours-like a soft reminder of what...
...answer to the sinking of the Elath-an act that had given Egypt particular, if short-lived, pleasure. For more than a day, the destroyer had been zigzagging back and forth in the bay of Romani, a niche in the Mediterranean at the entrance to the Suez Canal. In the knowledge that it was being tracked by radar from nearby Port Said, it alternately sped up and slowed down, darted from time to time into Egyptian territorial waters and then backed out again. It did almost everything but stick out its tongue...
...Middle East hostilities either slowed or stopped production at Mobil's holdings in Saudi Arabia, Iraq, and Iran, the company merely dipped deeper into its vast North American reserves and substituted Western Hemisphere petroleum for Middle East oil that could not reach Europe quickly because of the Suez Canal closure. As a result, Nickerson reported third-quarter earnings up 6.8%, to $93.8 million. Jersey Standard Chairman Michael L. Haider announced that the world's largest oil company had substantially increased its Western Hemisphere operations, and had a third-quarter rise in earnings of 15.8%, to $315 million. Gulf...
While industry mergers, possibly into four regional groups, will probably cut costs and afford greater efficiency, Sir John admits that things wouldn't be looking up "if the oil companies had not been held to ransom by Mr. Nasser." The shutdown of the Suez Canal came as a boon for shipbuilders. The Japanese, who got their first boost with the 1956 closing of the canal, underbid the European builders by about 10% and soon had their order books bulging, with delivery dates stretching through 1971. Swan, Hunter & Tyne promised faster delivery, contracted to finish its first Esso supertanker...