The Gulf: Bull Market In Silkworms

Bull Market In Silkworms

| For months the Reagan Administration has protested China's role as one of Iran's main arms suppliers, while Beijing has denied the allegation. Last week Administration officials said they have evidence that new Chinese arms shipments, including sophisticated C-801 antiship missiles, have arrived in Tehran since early October. More than 100 new Silkworm missiles, the type that were used in recent attacks on Kuwaiti shipping, are also said to be destined for Iran as part of two arms deals, one for $1.3 billion in 1983 and another for $600 million early last year.

A spokesman for the People's Mujahedin, an Iranian...

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