Word: oiling
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Dates: during 1970-1979
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Carter said he will forbid the purchase of "any oil from Iran for delivery to this country," and added that the move must be a part of an international effort to secure the release of the hostages...
Carter's announcement yesterday that the U.S. will stop direct purchasing of Iranian oil drew support from 68.3 per cent of the respondents. More than 45 per cent favored negotiations through the Palestine Liberation Organization (PLO) although many added the U.S. should not have accepted the PLO's offer of help until all other channels had been tried...
WASHINGTON--President Carter yesterday announced a halt to U.S. oil imports from Iran, declaring that this action would "eliminate any suggestion that economic pressures can weaken our stand on basic issues of principle...
Carter's decision covers both oil bought directly from Iran and refined products bought from third countries. The DOE estimates total imports of Iranian oil are about 700,000 barrels a day from Iran itself and another 200,000 to 300,000 barrels of heavy fuel oil refined in the Bahamas and the Virgin Islands...
Imports of Iranian oil amount to about 7 per cent of all U.S. imports, or about 4 per cent of total American consumption...