Word: hormuz
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...Simple Plan, but they figured that certain handicaps--hunger, disease, ignorance, subjugation, desolation, segregation--understandably made it difficult for others to hear The Word. They prayed to God for the strength to carry out the Next Step (overcoming the handicaps), but there were difficulties in the Straits of Hormuz and the Federal Reserve was raising the prime lending rate and the automobile plants were closing...
...women kissing U.S. soil after a year of captivity would virtually assure the President's victory. Still, a thin hint that Khomeini was seeking leverage or the White House orchestrating such a drama could send Carter packing. What if there were Iranian mines in the Strait of Hormuz and Carter dispatched a huge allied armada to clear them out? The experts quibble-maybe yes for Carter-on-the-bridge, maybe...
...market could be thrown into a panic if Saudi Arabia were sucked into the war or if tanker traffic were interrupted through the Strait of Hormuz at the southern end of the Persian Gulf. That 36-mile-wide channel has been the lifeline for some 40% of the non-Communist world's total supply. Experts fear that the price of oil could soar beyond $100 per bbl., triple the current price, if the war were to widen or the strait were to be closed...
...protecting the flow of oil out of the gulf, American officials remained confident that an Iranian threat to mine the Strait of Hormuz if other countries intervened in the conflict was a bluff. U.S. intelligence found no evidence that Iran was manufacturing mines or acquiring them from abroad. But just in case, helicopters rigged for minesweeping were standing by on U.S. carriers in the nearby Arabian Sea. "There is no question that we can keep the strait open," Assistant Secretary of Defense for International Security Affairs David McGiffert told TIME...
While the Saudis were grateful for the AWACs, the gulf states have complained about the U.S. naval buildup outside the Strait of Hormuz in the Arabian Sea. The gulf states share an anguished ambivalence toward American military protection. They want the security of having U.S. forces poised beyond the horizon to salvage them in a crisis, but they do not want them too close for fear of provoking a counterbuildup of Soviet forces...