Word: suez
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After the British retreated from Suez, it looked as if they could not hold out much longer at Aden, their hot and ugly colonial outpost at the other end of the Red Sea. In his medieval stronghold to the north, the Imam of Yemen was leagued with Arab nationalism's Hero Nasser in the United Arab States and spreading lavish gifts of money and rifles to persuade the Arabs of the Aden hinterland to join in driving the British "invaders" right off the peninsula...
When the Justice Department's trustbusters got an indictment against 29 major U.S. oil companies in 1958, charging a criminal conspiracy to boost oil prices after the Suez crisis, predictions were free that the trial would last six months or more. But last week, in Tulsa, Okla., after a trial of barely ten days, Federal Judge Royce H. Savage acquitted the companies. Said Judge Savage: "I have an absolute conviction that the defendants are not guilty...
...heart of Justice's complaint was that Standard Oil Co. (New Jersey) and its affiliated companies had combined to boost prices shortly after Suez. Humble Oil & Refining Co., 88% owned by Jersey Standard, started the ball rolling, and most of the industry had quickly fallen into line...
...Israel's reprisal reflects a revival of the old Israeli feelings of frustration. The Arab economic boycott has been cutting into their trade, President Nasser has been getting more aid from both East and West, and the U.N. has failed to secure passage for Israeli goods through the Suez Canal, even when carried in ships of other countries. After several years of quiet diplomacy, a familiar old note was struck in Ben-Gurion's militant warning last week to his people: "During the next decade we are liable to face a grave and perhaps decisive military test...
...Norstad, a longtime De Gaulle supporter and World War II Free French leader who figured in the behind-the-scenes maneuvers to compel French North Africa to enter the war on the side of the Allies, later (1956) commanded the French naval forces in the ill-starred attack on Suez; of cancer; in Paris...