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Paying for protection in the Persian Gulf a public debt idea
A columnist argues the United States should charge Kuwait and its oil partners for navy escorts of Kuwait’s tankers in the Persian Gulf. They claim half Kuwait’s fleet will fly US flags, with Japan and Europe as primary buyers of the oil, while US ships face risk and cost. The piece suggests billing Kuwait and Japan, with penalties for late payment, as a way to offset costs and profits.
MENTIONED IN THIS ARTICLE
Kuwait
Persian Gulf
Iran
Iraq
Japan
Europe
Soviet Union