Saudi Arabia's Oil Minister Sheikh Ahmed Al-Yamani said in Washington on Monday (December 10) that the Arab oil embargo could end next month if the United States guaranteed an Israeli withdrawal from occupied territories.
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YAMANI: "Our reputation in the past is the only assurance you can get, and I think it is so valuable and so significant for you. Now the only assurance we can give you is the mutual interest between Saudi Arabia and this country. It is so strong and so deep that it won't be on any piece of paper. You can call it an agreement or a treaty."
YAMANI: "Even with the shortage of energy the weather is so warm, both the climate and the atmosphere."
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Background: Saudi Arabia's Oil Minister Sheikh Ahmed Al-Yamani said in Washington on Monday (December 10) that the Arab oil embargo could end next month if the United States guaranteed an Israeli withdrawal from occupied territories.
He told the National Press Club that if the United States and Israel melt these terms, the embargo could be lifted during the first round of the Geneva peace talks on December 18, or in January.
Sheikh Yamani said the oil embargo was not blackmail. It was a legitimate reaction to American assistance to Israel during the October Middle East War. He said the Arabs did not want to see European economies collapse because of the oil embargo.
Sheikh Yamani was asked if he could give any assurances that there would be no future embargoes. His reply is transcribed below.
Sheikh Yamani was also asked about his talks with American Secretary of State Henry Kissinger. He did not answer directly.....