MIDDLE EAST: The Eleventh Shuttle: Is Peace at Hand?

The prospects for a settlement in the Middle East rise and fall as erratically as the Dow Jones averages. Last week the peace market suddenly turned bullish. Failure to agree on a Sinai pact would simply be "unthinkable," said an Egyptian official. "Let's get it over with," Israeli Chief of Staff Lieut. General Mordechai Gur added gruffly.

When Henry Kissinger's last effort at shuttle diplomacy broke down last March, hopes for peace plummeted, and many diplomatic analysts predicted a new war by 1976. But so swiftly have negotiations progressed in the past...

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