Faisal Warns of Possible Oil Cutoff Over US Israel Aid
Saudi King Faisal reportedly warned in Al Anwar of halting oil supplies to the United States if Washington sends new arms to Israel. The note, delivered in Washington, was described by U.S. officials as not threatening, while OAPEC members reportedly planned an emergency meeting in Kuwait to discuss the oil weapon and potential consequences for US firms in Saudi Arabia.
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OAPEC
Kuwait
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Iraq
Abu Dhabi
Qatar
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Libya
Egypt
Syria
Hisham Nazer
Omar Saqqaf
James Akins
Arabian American Oil Co
Aramco
Exxon
Mobil
Texaco
Standard Oil
California
China backs Arabs in Middle East to curb US Soviet clash
Peking views Middle East turmoil as advantage by keeping US-Soviet rivalry active. Premier Chou En Lai and others push back against detente and “collusion,” urging protracted Arab resistance with moral support and limited aid. China cites Sino Soviet border tensions and warns against a no war no peace scenario.
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Communists Capture Militia Outpost In Central Vietnam
Communist forces seized a South Vietnam militia outpost on White Horse mountain between Da Nang and Hue, killing or missing 34 of 80 defenders. They then attacked a nearby 1st Infantry Division base, suffering unknown communist losses as government troops held.
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Trudeau says talks with China were productive but detente dispute remains
Canadian Prime Minister Pierre Trudeau said his talks with Chinese leaders were a complete success and that both sides showed strong interest in NATO. He acknowledged a major disagreement over detente with the Soviet Union and noted friction on Middle East policy while declining to detail conversations with Mao Tse-Tung and Chou En Lai.
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Devaluation forecast shocks at international money seminar
Harry Schultz, an international investment analyst, warned at the 5th International Money Seminar that the U.S. dollar will devalue 20 percent in 1974 and gold could reach 400 an ounce by 1985. He forecast turmoil, rising inflation, and shifting global power, with Japan becoming the strongest trading nation and exchange controls tightening on gold purchases.
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Suez stronghold surrenders as 37 Israeli soldiers are captured
Israeli forces on the Bar-Lev line surrender across the Suez Canal under Red Cross supervision. Thirty seven men are captured by Egyptian troops after heavy bombardment, with 15 wounded and five dead. A Swiss Red Cross official oversees the transfer while Egyptian forces blow up portions of the line.
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Opium Production Topic Shapes Turkey Election
In Istanbul voters faced a campaign shaped by the resumption of legal opium production after martial law. Justice Party and Republican Peoples Party candidates promise to repeal the nine month ban on opium and hashish, a move tied to farmers reliant on poppy income for heroin supply.
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