THE Six-Day War has not ended," Egyptian President Gamal Abdel Nasser said last week. "The Two, Three-or even Four-Year War is still continuing. We are at war with Israel." With those belligerent words, spoken in a week that saw ground and air action along the Suez Canal reach new intensity, Nasser effectively scrapped the U.N. Security Council cease-fire of 1967. Had the point of all-out war been reached? Not quite. Despite all the shooting—and the shouting—casualties were minimal in comparison with those suffered during the June 1967 hostilities. But the prospects for peace...

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