Jorge Caballero

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at the beginning of January 1968, in response to a balance of payments crisis, Prime Minister Harold Wilson announced that Britain would end its defense commitments east of Suez. It would completely withdraw its military presence from the Persian Gulf by 1971, thus eliminating the last major remnant of the great Pax Britannica of the nineteenth century and of the British Raj.
The Prize: The Epic Quest for Oil, Money, and Power
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