Word: embargoing
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...circles. The Guards have scant concern for casualties and favor launching human waves against enemy positions. In a unanimous vote last month, the U.N. Security Council demanded that Iran and Iraq declare a cease-fire, and last week the U.S. pushed efforts for a resolution calling for an arms embargo on Iran...
...history of trade sanctions, however, shows how dangerous commercial conflicts can be. One sobering example dates back to 1941, when the U.S. and other Western powers imposed sanctions on the export of iron and manganese to Japan for its incursions into Manchuria. That embargo played a role in the Japanese decision to attack Pearl Harbor. Nothing remotely similar in the way of hostility, of course, looms in the current trade battle. But as the two sides confront each other, they need to be acutely aware that deep antagonisms over trade can often contain the seed of future disaster...
...domestic production faltered last year, imports rose by 900,000 bbl. a day, a 28% increase. The U.S. now depends on foreign producers for 38% of its supplies. In 1973, when oil prices surged in the wake of the Arab embargo against the U.S., Americans relied on foreign producers for 35% of their oil. As in the halcyon days of the 1960s, Americans believe they ought to be able to buy big cars if they feel like it or turn up the thermostat at every chill...
...shipped to Iran. Also at the meeting, according to this source: Regan, Poindexter (who, as McFarlane's deputy at that time, took notes), Deputy CIA Director John McMahon, Secretary of Defense Caspar Weinberger and Secretary of State George Shultz. No written intelligence "finding" justifying this circumvention of the U.S. embargo on weapons to Iran was prepared. Attorney General Edwin Meese said last month that Reagan had learned of the Israeli shipment only after the fact; White House Spokesman Larry Speakes last week amended that to say, in effect, that Reagan could not remember whether he gave an advance green light...
...against the arms sales, but they left the conference feeling uncertain that they had swayed an enthusiastic Reagan and his equally gung-ho NSC and CIA advisers. Ten days later the President signed a secret intelligence "finding," thus permitting "occasional" arms transactions with Iran in spite of the continuing embargo. He assigned management of the deals to the CIA and instructed Casey to conceal the project from Congress. At the same time, Reagan ordered that intelligence traffic on the arms shipments be kept from the State Department and the Pentagon. While Shultz accepted the blackout as a way to distance...