Sign Of Times Crude Oil Price Doubles In Iran
A New York AP report notes Iran sold crude oil at 17.40 dollars per barrel in a spot sale, about 41 cents a gallon, roughly four times the U.S. average. If copied nationwide, heating oil could rise beyond 60 cents per gallon and regular gasoline near 72 cents. The piece explains the shift to a seller’s market, Middle East royalties, and looming price increases for Europe and Japan, with two-thirds of U.S. refinery crude still from domestic wells.
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Egypt and Israel Outline Goals At Geneva Talks
Cairo dispatch says Egypt seeks swift progress on a Suez military pullback before tackling Palestinians and Jerusalem as priorities. Sadat argues time favors Arab aims while warning against indefinite delays. In Tel Aviv, Israel demands a buffer zone and a choice of peace terms before discussing 1967 territories, with Meir's aides preparing options and wary of negotiating with guerrilla leaders.
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