SUEZ: Back Under Protest

To anybody but a professional negotiator, the progress made in the U.S.'s negotiations with Egypt's Gamal Abdel Nasser was imperceptible. But U.S. Ambassador Raymond Hare reportedly detected hope in the long talks he has been conducting in Cairo with Egypt's Foreign Minister Mahmoud Fawzi, and the Egyptian attitude is described as polite and reasonable. As a result, the U.S. decided against taking the problem to the U.N. Security Council, where there is also a strong likelihood that Soviet Russia would veto any formula that might conceivably suit both Egypt and Western user nations.

But already the pent-up tide of trade...