Word: persian
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Dates: during 1970-1979
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...crisis ends badly and any of the hostages are harmed, however, the U.S. will face a far more serious problem. Though the Administration has ruled out military intervention during the current impasse (there were naval exercises in the Persian Gulf last week, however), it might change its mind in the event of American casualties at the embassy. The Pentagon has advised that air raids, launched from carriers, could put the Iranian oilfields out of action for six months with a minimum of civilian injuries, but there has been no suggestion from any quarter that this would be a good course...
...Iran in the academic world believe the first mistake of the Carter Administration was failing to understand the basic nature of the movement that swept the Ayatullah Khomeini into power. Following the policies of preceding administrations, Carter originally supported the Shah, seeing him as a stabilizing ally in the Persian Gulf region, and not realizing how widely he was hated by his subjects. Carter first thought the Shah could suppress the mounting demonstrations, then, when events got totally out of hand, abandoned him to his fate. The Shah has told friends, bitterly, that right to the end he expected more...
International events have certainly produced their share of TIME covers in the past two years: 32, of which six have dealt at least in part with the fast-shifting fortunes of Iran. Associate Editor William Smith, who wrote last winter's cover on the Persian Gulfs "Crescent of Crisis," is responsible for the main narrative this week. As he did with most of the 40 cover stories he has handled in his nine years as a TIME writer, Smith assembled this one under a steady rain of TIME correspondents' files-from the tumultuous streets of Tehran, from...
...reasonable. It was no wonder that an increasing number of Americans, in private conversations and in thousands of calls and telegrams to their elected representatives, began raising an old, familiar cry: send in the Marines. Or at least, they exclaimed, do something tough, such as dispatching warships to the Persian Gulf or dropping paratroopers into the embassy grounds...
Early last week typical spot prices for Persian Gulf crude stood at $37 to $38 per bbl., vs. OPEC's official maximum of $23.50. After the seizure of the U.S. embassy in Tehran, rumors swirled that anti-American fanatics were shutting the tap on exports. Spot traders began desperately scrambling to buy spare cargoes. In Rotterdam, prices ticked up almost by the hour. In New York City, some sellers were demanding an astronomical $47 to $48 per bbl. Though heating oil is retailing in New York at about 850 per gal., spot market imports of the fuel were going...