The continued shut down of the Suez Canal is costing Britain an average of $56 million a month, or more than $200 million since the Six-Day War last June. This information was given to Parliament by Prime Minister Harold Wilson whose Government is planning new relations with Egypt after a three-year hiatus. Most of the money has been spent in precious hard currency for oil to replace Middle Eastern supplies, contributing to Britain’s already precarious balance of payments situation, it was disclosed.
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.
