Word: embargoing
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...more plausible. The Shah, whose country pumped 7% of the non-Communist world's oil imports, led the way in the first huge price increase, from $3 to $12 per bbl. between 1973 and 1974 and, though he aided the West by refusing to join the Arab oil embargo, he also kept urging OPEC to go on increasing its prices...
Speaking to about 200 people in the Science Center, Matos said American blame for communism in Cuba "is far smaller than many imagine." The economic embargo that the United States enforced after Castro's turn to communism did not create the Cuba crisis, Matos said...
...obvious U.S. tactic might be to embargo food exports to Iran, which amounted to nearly $500 million in the fiscal year ended last September. The American Farm Bureau Federation would support President Carter if he should cut off grain shipments, as he could do under the International Emergency Economic Powers Act. Cries of "Food for crude!" are starting to be heard. The White House, however, has no present intention of halting food supplies. If the U.S. later plugs up this cornucopia, Iran will be less vulnerable than it once was. As a Persian grain trader says, "We are earning...
...Meat from Australia and New Zealand, eggs from Turkey and poultry from Rumania are flowing into Iran. The country has also been going to Thailand for about 15% of its imported rice, and the Thais have plenty more where that came from. Were the U.S. to embargo shipments to Iran, food produced elsewhere would simply move from one international middleman to another and end up in the bazaars of Tehran...
...event, economic sanctions have a dismal record of failure. The long U.S. trade embargo against Cuba has hurt the island economy, but Castro has managed to acquire most basics from the Soviet Union and other suppliers. In the mid-1960s, certain Latin American governments turned to Europe for the military weapons the Americans refused to sell them. There is very little that the U.S. sells to Iran that other countries could not supply...