Word: gulf
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Dates: during 1960-1969
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...world's eyes centered on the Gulf of Aqaba, where the danger of an episode that could cause open warfare was greatest. Ever since Nasser closed the Suez Canal to Israeli shipping in 1956, the port of Elath has been Israel's main outlet for its growing export trade with Asia and East Africa. More important, it has become the port of entry for nearly 90% of the country's oil supplies. The Strait of Tiran, where coral reefs and the hulk of an ancient sunken ship make passage difficult under the best conditions, is easy...
...counseled the Israelis not to test the blockade, and Israel decided for the time being to keep its ships out of the Gulf of Aqaba. It could still import oil from Western Europe and the U.S. through its major Mediterranean port of Haifa, which also happens to be the center of its oil refining industry. Israel thus can live for a while with the blockade-but only for a while. Some ships bearing goods to Israel have already sailed for Elath. If Nasser is adamant about turning back Israeli ships, the U.S. and Britain (both of which had naval task...
...longer the blockade lasts, the more restless and apprehensive the Israelis are bound to become. They never forget that in 1956 it took Israeli troops only five days to reach Sharm el Sheikh and silence the guns that had closed the Gulf of Aqaba to their ships...
...headed by former Treasury Secretary Robert Anderson, soon emerged as the leading contender. Anderson was a steady visitor to Spain, even won an audience with Franco. Then, last November, Continental Oil pulled out of the Anderson consortium, and all its hopes were wrecked. A new group, including Gulf Oil, W.R. Grace, Texaco, and Standard Oil of Calif., entered the race with a combined bid. I.M.C. was left to fight it out with the quartet of giants. No one gave I.M.C. a chance...
Israel cannot tolerate the blockade which UAR President Gamal Abdel Nasser has imposed on Israeli commerce in the Gulf of Aqaba. In destroying the precarious status quo that has prevailed since 1956, Nasser has cut off Israel's only outlet to Asia, East Africa, and the all-important oil of the Persian Gulf. His action is a violation of the right of free and innocent passage in the Strait of Tiran guaranteed under a 1956 U.N. resolution and an international convention. Israeli Prime Minister Levi Eshkol has declared the blockade an act of war, to which Israel will respond unilaterally...