The U.S. governments is reviewing the commercial agreement it signed with Saudi Arabia in 1933 to determine whether King Faisal’s oil embargo against the U.S. is violating it. However, an early decision on the results of the review is unlikely. State Department spokesman Paul Hare, asked today about the possibility of violations of the 40-year-old agreement that gives Saudi Arabia most favored nation treatment, said that “of course we are reviewing” the agreement. “But quite frankly,” he added, “we don’t consider a discussion at this stage will materially contribute to our diplomatic efforts with respect to the Geneva peace conference or the oil embargo itself.”
Help ensure Jewish news remains accessible to all. Your donation to the Jewish Telegraphic Agency powers the trusted journalism that has connected Jewish communities worldwide for more than 100 years. With your help, JTA can continue to deliver vital news and insights. Donate today.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
