Word: oiling
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Dates: during 1980-1989
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According to the Energy Department's "Monthly Energy Review," Iranian oil in 1986 accounted for 0.31 percent of U.S. oil imports. For the first seven months of 1987, the percentage...
...punitive economic measures follow the military retaliation Reagan ordered last week against Iran after a Silkworm missile strike against a U.S.-flagged Kuwaiti oil vessel in Kuwaiti waters...
Secretary of State George P. Shultz said, meanwhile, he hoped other countries would follow the U.S. lead and embargo Iranian oil, thereby causing a drop in the price of Iranian oil and in revenue for the purchase of weapons...
Shultz acknowledged it would be difficult to enforce the U.S. embargo, since the origin of oil on world markets is hard to trace. But, he said, "while Iran is conducting the war (with Iraq) and conducting terrorism, we shouldn't be buying things from them to the tune we are.... We feel it's important to lay down our marker...
White House spokesman Roman Popadiuk said oil imports from Iran last year were around $500 million, and had reached about $900 million by the end of July...