IRAN: Bypassing the Arabs

To free its oil from the entanglement of Arab politics and the dangers of a blockaded Suez Canal, Iran last week signed an agreement with its Baghdad Pact partner, Turkey, for a $500 million oil pipeline. Presumably, oil from the rich new northern field of Qum will be piped over the mountains to a Mediterranean port in southern Turkey. Estimated savings in oil transport costs: 90%.

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