Word: embargoing
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...plans oil embargo...
Wednesday afternoon, Oct. 17, a news ticker spelled out new complications. The Arab oil producers had just announced an immediate production cutback of 5%, to be followed by monthly cutbacks of 5% until Israel withdrew to the 1967 frontiers. We were so focused on the danger of an embargo that we thought the production cutback largely symbolic. It was?but it had revolutionary implications. As it became progressively evident that the producer cartel could set prices nearly arbitrarily by manipulating production, a new phase of postwar history began...
...associates and I left for the Soviet Union at 2 a.m. on Saturday, Oct. 20, almost exactly two weeks after the outbreak of the war. Later that day we had a glimpse of other dangers: Arab oil producers began embargoing all sales of oil to the U.S. In spite of the embargo, I felt we were in a very strong negotiating position. Israel seemed poised to achieve a decisive victory, but my confidence was suddenly shaken by a message from Nixon. We, on our way to Moscow, were not to know what a fateful...
...peace process with Israel. To demonstrate his sincerity, Sadat gave himself a deadline. He had scheduled a trip around the Arab world starting the following Friday, Jan. 18. He hoped to complete the agreement before then. In that case he would urge an end to the oil embargo...
...hand, the next hurdle was a settlement on the Golan Heights between Syria and Israel. Syria's President Assad took an important step forward in February 1974 by responding to Kissinger's insistence that the U.S. would not negotiate without a list of Israeli prisoners of war. The oil embargo ended a month later, in March 1974. Even so, Sadat remained vulnerable as the only Arab leader to have dealt with Israel, and the embargo could have been reinstated at any time. So it was up to Syria and Israel, whose mutual suspicion and hatred seemed indelible. Not that Syria...