Word: canalize
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Dates: during 1950-1959
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...hotly debated details of the Suez crisis is whether Secretary of State Dulles provoked Egypt's Premier Nasser into seizing the Canal by a too-precipitate cancellation of U.S. funds for Egypt's dream project, the Aswan Dam. There is some evidence that Nasser had decided to nationalize the Canal long before Dulles canceled Aswan. Last week came evidence that Dulles' decision was so precipitate that the U.S. Ambassador in Cairo first learned about it from the newspapers...
LONDON, Feb. 19--The world's shipping nations have agreed to share Suez Canal transit tolls with Egypt on a 50-50 basis once the waterway is cleared for navigation, the British Foreign Office announced today...
...Foreign Office gave no details. But an informed source said the plan is intended only as a temporary measure to speed up shipping through Suez until a final international agreement is reached with Egypt on operating the canal...
Intransigence & Intransigence. There were other ominous notes in the situation. Out of Washington came reports that Nasser was once again receiving shipments of Soviet arms. The Egyptians had been deliberately delaying the U.N. task force's Suez Canal clearance work by failing to dredge around and remove explosives from the only two important wrecks still blocking the ditch. After Egypt's first Cabinet meeting in several months, Nasser's radio announced that the Canal would not be opened to navigation until the last Israeli clears out of Egypt...
...Worse. Oddly enough, Europe was less upset than the U.S. itself over the industry's laggard performance. Though oil stocks dwindled daily, Britain and the Continent were cheered by prospects of warmer weather and an early reopening of the Suez Canal. But as matters stood last week, the oil lift across the Atlantic seemed to be going from bad to worse. In seven days the U.S. averaged shipments of only 454,000 bbl. of petroleum products to Europe, of which barely 183,000 bbl. daily were crude oil, far below the figure of 500,000 bbl. daily...