Oil imports cut could raise prices and fuel lines
Officials say Carter decision to end Iranian imports may lift home heating oil costs and trigger longer gas lines as Iran may curb crude output. Experts note price effects depend on conservation, outside-market crude costs, and Iran’s production plans. The move halts about 700,000 barrels per day, roughly four percent of U S consumption.
MENTIONED IN THIS ARTICLE
Eileen Alt Powell
Associated Press
Washington
Carter
Iran
U.S
Tehran
Carter Administration
Organization of Petroleum Exporting Countries
American Petroleum Institute
Ali Moinfar
United States
Fred L. Hartley
Union Oil Co
California
Robert Stobaugh
Harvard
Mideast
Ralph Bailey
Conoco Inc
Times of London Returns After 347 Day Absence
The Times of London resumes after a 347 day shutdown over labor and management disputes and new tech. Editor William Ross-Mogg notes a print run of 400,000, up 100,000 from the last issue, with the paper reverting to its pre‑disruption format.
MENTIONED IN THIS ARTICLE
London
Times of London
William Ross-Mogg
Mississauga Train Derailment Fire To Be Extinguished Today
More than 220000 Canadians remain displaced as authorities expect to extinguish the chlorine and propane fires from a Canadian Pacific freight derailment near Mississauga today. In the US, six derailed propane tank cars burn in northwest Florida with about 500 evacuated, while Holland Michigan residents return home after a toxic hydrogen fluoride derailment.
MENTIONED IN THIS ARTICLE
John C. Given
Associated Press
Mississauga
Ontario
United States
Florida
Holland
Mich
Canadian Pacific
Gordon Bentley
CP Rail
Toronto
Oakville
Picket arrested after Caterpillar plant disturbance
In Peoria Illinois a Caterpillar employee Larry Brooks 47 was charged with disorderly conduct and obstructing a police officer after allegedly kicking an incoming car during a 43 day strike. Caterpillar called the disturbance isolated and no talks scheduled with the United Auto Workers.
MENTIONED IN THIS ARTICLE
Peoria
Ill
Caterpillar Tractor Co
Larry Brooks
Caterpillar
Linda Sellers- Rundgren
United Auto Workers Union
Israeli ambassador and bodyguard shot in Lisbon attack
In Lisbon, terrorists fired submachine guns and hurled grenades at the car carrying Israel's ambassador Eldar and his security entourage. The envoy was slightly wounded, his bodyguard killed, and three others wounded. Police sealed borders and searched for attackers while Prime Minister Pintasilgo condemned the act.
MENTIONED IN THIS ARTICLE
Lisbon
Portugal
PLO
Eldar
Spain
Maria de Lourdes Pintasilgo
Middle East
Palestine Liberation Organization
Yasser Arafat
Israel
Cambodian Exodus Grows as Refugees Flee to Thailand
More than 10,000 Cambodians crossed into Thailand fleeing fighting in their homeland with up to 20,000 more expected this week. The refugees support Pol Pot against the Vietnamese-backed Phnom Penh regime. U S congresswomen toured refugee camps and planned talks with Cambodian leaders on relief aid. Hun Sen rejected a proposed trucked aid plan as impractical. The group considered visiting Vietnam but deemed it unnecessary.
MENTIONED IN THIS ARTICLE
Seth Mydans
Associated Press
Bangkok
Thailand
Pol Pot
Phnom Penh
U.S. Congresswomen
Cambodia
Hun Sen
U.S
Vietnam
Iran proposes talks on Shah crimes as hostages near release
U S officials see a glimmer of hope as Iran's Revolutionary Council outlines conditions including an international investigation into the shah's crimes and wealth return. The move follows Carter's halt of Iranian oil imports and signals a potential end to the embassy hostage crisis. Officials note Tehran's options are limited without harming hostages, and oil disruption could raise fuel prices.
MENTIONED IN THIS ARTICLE
Barry Schweid
Associated Press
Washington
U.S
Iran
Revolutionary Council
Abolhasan Bani-Sadr
United States
Department
Jack Tuohey
Bani Sadr
Tehran
Carter
Khomeini
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