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The Current Oil Crisis — De Ja Vu All Over Again
We have learned a great deal from the governing structures created to guarantee safe passage for shipping through other straits, including the Suez Canal. The 1888 Constantinople Convention guaranteed safe passage through the Suez Canal in peace and war. The Suez Canal Authority was created to administer the treaty. Since the Suez Crisis, all nations have recognized this governance structure’s neutrality as the legal framework for access to the canal.
May 29
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