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Arab Oil Embargo / Newsmaker Interview #233401

CBS Evening News for Friday, Mar 15, 1974
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(Studio) Arab oil ministers gather in Vienna, Austria, to decide on lifting embargo against United States. Saudi Arabian oil minister Ahmed Yamani doesn't doubt embargo will be lifted. Interview with Yamani follows. [YAMANI - reassures United States that embargo will be lifted, although no official decision made yet. Any conditions to accompany embargo lift will be announced Sunday] Questioned about possible stipulations. [YAMANI - doesn't expect any imposed conditions to be difficult to meet.] Asked about production incr. and price. [YAMANI - says oil production must increase; price changes to be made by cntrys. individually.] "Mid. E. Econ. Survey" says oil mins. favor limiting embargo suspension to 2 mos. to assure Mid. E. of Syrian, Israeli disengagement. President warns if conditions accompany embargo lift, it will be counterproductive.
REPORTER: Walter Cronkite

Reporter(s):
Cronkite, Walter
Duration:
00:02:20

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