Word: embargoed
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...supervised elections and condemn South Africa's intransigence. If South Africa still refuses to back down and accept the U.N. plan, the U.N. must declare South Africa an immediate threat to international peace and enact harsh economic sanctions against the apartheid state, including a potentially devastating oil embargo...
...claims and interests in this region." As for CENTO, he called it "a treaty on paper with no significance whatsoever?no teeth, no backing." Among other CENTO leaders there is mounting impatience with the vagaries of U.S. public opinion as reflected in such congressional actions as the Turkish arms embargo and aid cuts for countries that try to acquire a nuclear capability. They also regard Carter Administration policies as quixotic and punitive. Pakistan, for example, is furious over Washington's jawboning nuclear nonproliferation activities, which recently led France to cancel a contract to provide Pakistan with a nuclear reprocessing plant...
Like the Pakistanis, the Turks feel betrayed by the U.S. They provoked the wrath and sanctions of the U.S. Congress by using American weapons to invade Cyprus in 1974. The embargo was partly lifted this summer, but the government of Premier Bülent Ecevit in Ankara believes with some justification that the strength of the Greek-American lobby in the U.S. has tilted Washington's policy permanently against Turkey. As for the Shah, he has called CENTO "a nice club," although these days it is not all that nice and not all that clubby...
Though all the Sisters' sales are more than double those in the embargo year of 1973, when the cheap-oil era ended, only three of the companies earned more profit last year than they did then: Shell, Mobil and California Standard (SoCal), which markets under its Chevron Trademark. And none but SoCal has regained the peaks of 1974, when soaring prices gave them a one-shot windfall by raising the value of petroleum they held in inventory. The later profits from price boosts have gone primarily to the OPEC nationalizes of the oil. But the companies have done...
...Wrathall, 65, President of Rhodesia, who served from 1964 to 1975 as his country's Finance Minister; of a heart attack; in Salisbury. One of Rhodesia's chief strategists in its fight against U.N. trade sanctions, the British-born Wrathall frequently lambasted London for participating in the embargo that followed his country's declaration of independence in 1965. Appointed to the figurehead presidency by Prime Minister Ian Smith in 1976, Wrathall had been expected to vacate his office at year's end, in favor of a black Rhodesian...