Word: persian
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Among the disputed issues is his support for humanitarian aid to the Nicaraguan rebels, known as the contras, and his support for the reflagging of Kuwaiti tankers in the Persian Gulf, Price said...
...What would happen to the dollar, to interest rates, to world trade? What might Ronald Reagan do to calm the markets? Could a President who was so weakened by the Iran-contra affair and the impending defeat on the Bork nomination, and who was distracted by war in the Persian Gulf and his wife's cancer operation, possibly quell the financial turmoil? Did he even understand that he faced a first-class crisis of confidence in his leadership...
LIKE AN unwary tourist in a Middle Eastern bazaar, the Reagan Administration wandered into the Persian Gulf unsure of what it wants and how much it needs...
Rather than end the shooting, the U.S.'s large military presence in the Gulf has intensified it. Before the administration decided to send a carrier battle group and assorted escort ships to the region, the tanker war between Iran and Iraq subsided. But our presence in the Persian Gulf put the spotlight on our allies--the Kuwaitis and the Saudis--and the U.S. as new targets in the war. The unnecessary intervention into the area didn't silence the guns so much as give them something...
Reagan also cited as reasons for his moves Iran's "refusal to implement U.N. Security Council Resolution 598, its continued aggression against non-belligerent nations of the Persian Gulf and its sponsorship of terrorism there and elsewhere in the world...