Word: iranian
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Dates: during 1980-1989
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...Moscow because of events in far-off Afghanistan, the Europeans see that as not a betrayal of the Western alliance but simply a matter of self-interest. And if the U.S. demands tough action against Iran because of the hostages, the Europeans see nothing cynical about reminding Washington that Iranian oil helps to fuel Europe...
...Iranian heroin problem has assumed runaway proportions. According to government figures, there are now 3 million addicts, nearly one in every twelve Iranians. Reason: in the 16 chaotic months since the fall of the Shah, police enforcement has been spotty at best, and narcotics rings have been able to operate at will. Thus the habit that was once peculiar to Iran's upper classes, and gripped members of the Shah's own family, has filtered down through Iranian society. Says a high school teacher in Tehran, appalled at the extent of addiction among his students: "Heroin and opium...
...national security is involved, the act could only be applied to Clark on the nebulous theory that any money he spent in Iran, or was given in the form of free lodging or meals, constitutes illegal "transactions and foreign exchange." His airfare and other expenses were paid by the Iranian government...
...Algiers decision reflects some change in OPEC's pricing philosophy. Usually the cartel has fixed a floor price and agreed not to sell oil for anything less. Since the Iranian revolution set off the latest world oil shortage, the difference between the floor price and the top rate charged by some OPEC members has grown considerably. Now the new ceiling price policy should limit the oil escalation by hawks like Algeria, Libya and Nigeria...
Last week's meeting underscored again the weakened role of Saudi Arabia inside OPEC. While that country still pumps one-third of all OPEC production, it can no longer solely determine world oil policy. Prior to the Iranian revolution, Saudi Arabia virtually dictated crude prices because it had surplus production and could threaten to drive the cost of crude down if the other countries did not follow its lead. Now the Saudis are pumping oil at the rate of 9.5 million bbl. per day, which is 1 million more than before the fall of the Shah of Iran...