Word: carterized
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Dates: during 1970-1979
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...Carter said he will forbid the purchase of "any oil from Iran for delivery to this country," and added that the move must be a part of an international effort to secure the release of the hostages...
...Carter said in a nationally broadcast statement that protection of diplomatic personnel is vital to world security. The United States should "refuse to permit the use of terrorism and the seizure and the holding of hostages to impose political demands," he added...
Tehran radio said later Ayatollah Khomeini's Revolutionary Council already had decided to cut off exports to the United States before Carter's announcement...
...Carter's decision covers both oil bought directly from Iran and refined products bought from third countries. The DOE estimates total imports of Iranian oil are about 700,000 barrels a day from Iran itself and another 200,000 to 300,000 barrels of heavy fuel oil refined in the Bahamas and the Virgin Islands...
...officials said yesterday they are uncertain how Carter's decision will affect American consumers. Gas prices and lines at gas stations depend on the success of conservation efforts, officials said...