When the British Labour party announced the withdrawal of British forces from the Persian Gulf in January 1968, the United States faced a potential power vacuum in the area. The incoming Nixon administration, preoccupied with the Soviet Union and China, and the war in Vietnam, had no intention of replacing the British in the Gulf. To avoid further military commitments, the US encouraged Iran and Saudi Arabia to maintain area security. A critical policy decision, overlooked by most scholars, saw Nixon and Kissinger engineer the rise in oil prices between 1969 and 1972 to enable Saudi Arabia...
When the British Labour party announced the withdrawal of British forces from the Persian Gulf in January 1968, the United States faced a potential po...