Word: suez
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...Sixty percent of canal tolls are still being paid to the old Canal Co. accounts in London and Paris or to blocked accounts elsewhere. U.S. ships have been paying most of what the Egyptians have been collecting-under protest. Skeptical insurance firms hiked rates for ships transiting Suez by 150%. Lloyd's of London reported at least a dozen ships diverted from Suez to make the long voyage around the Cape. One bad slip and the canal could be closed for days...
Hugs on the Balcony. Egypt was left with 65 pilots (only 33 Suez-seasoned). Could they and a gradually trained group of volunteer pilots handle the flow of ships and the tricky 103 miles of water without stalling traffic or blocking the canal? At 2:30 Saturday morning the first full convoy of 13 ships pulled out of Port Said with Egyptian pilots. "Give us more ships; we'll take them through," shouted one pilot as he took his tanker into the cut. A second convoy of 29, the largest in months, headed north from the Red Sea entrance...
...ready, and a supply fleet of 130,000 tons waited off Southampton to load equipment for the Middle East. Britain's Anthony Eden seemed confronted with the choice of making good on his assiduous saber-rattling or accepting a humiliating backdown. "Will there be war over Suez?" was the question on British minds last week as the Prime Minister stepped to the dispatch box in the House of Commons and faced an aroused Labor Party, vociferously vowing to pluck him bodily from the brink...
Lest the world forget a threat to peace that predates Suez-and probably will outlive it-shooting broke out again last week across Israel's borders. Late one morning Jordan National Guardsmen jumped 30 Israeli troops carrying out a map-reading exercise on the Hebron border and killed six. Next night an Israeli raiding party laid an ambush for probable reinforcements, then blew up a police fort on the Jordan side, killing twelve. Seven more Jordanians died when the Land Rovers in which they were hurrying to the scene drove into the Israeli ambush...
...from pushing the Israeli-Arab conflict into the background, the Suez crisis, with its temper-shortening tensions and attention-diverting demands, was likely to provoke more probing and more shooting in the days to come...