Word: suez
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Ironically, it was an Arab-Israeli conflict that marked both the rise and decline of the supertanker boom. Before the Six-Day War broke out in 1967, there was only one 200,000-ton ship in existence. But the closing of the Suez Canal created a need for huge ships that could economically carry oil the long way around Africa to the Atlantic. Soon U.S. oil imports began to increase sharply. Then came the October war, followed by the oil price increase and the worldwide recession that it helped cause. Even if oil consumption picks up smartly in the future...
...Mitla and Giddi passes, the sites of bitter battles in three wars between Israel and Egypt, the Israeli government last week flew U.S. newsmen accompanying Secretary of State Henry Kissinger by helicopter to a promontory on the Sinai front from which they could see all the way to the Suez Canal. Diplomatic Editor Jerrold L. Schecter, who was on the helicopter tour, and TIME'S Daniel Drooz, who earlier made a visit to the vital passes, reported on the scene...
...expert who fought at Mitla Pass in '67, declined to explain what he meant by the term, but Israeli radar and listening devices round the Mitla are said to be so effective that they can detect Egyptian MIGs preparing for takeoff at bases several miles west of the Suez Canal...
...bitter: the wives and parents of young men killed on both sides of the Yom Kippur War. Their remembrances of their loved ones, of ten spoken through tears, render the desolation of personal loss, and make one ashamed of glib generalizations spouted from a safe distance west of Suez. "I understand their feeling of loss," an Israeli father says of Egyptians who also lost sons in 1973. "It is more than the loss of life, it is the loss of hope, of plans." "Give him my sympathy," says a similarly bereaved Egyptian. "Tell him to be brave, that this...
...reasons why the Egyptians would have welcomed Brezhnev would have been the chance to renegotiate Soviet debts. The total is a closely guarded secret in Cairo, but it has been estimated to range as high as $7 billion. Cairo is anxious for a Sinai settlement because it will generate Suez Canal revenues of at least $390 million a year and also provide a badly needed 36.5 million bbl. of oil annually if the Israelis return Abu Rudeis...