📅 19 November 1980
U.S. energy and foreign-policy ministers proposed coordinated oil allocations and import ceilings. Their memorandum anticipated a prolonged Iran–Iraq war and repairs extending beyond the fighting.
📅 25 September 1980
Henry Owen reviewed proposals for more predictable oil prices and supply management. His memorandum linked the Iran-Iraq war to uncertainty over forthcoming producer consultations.
📅 1 October 1980
In talks with Duncan, Venezuelan officials expressed willingness to help Brazil replace disrupted Iraqi oil supplies. The proposal aimed to prevent the war’s shortages from inflaming spot-market...
📅 20 November 1980
Duncan warned that continuing hostilities could keep Gulf exports depressed into 1981. He urged import restraint and international coordination to reduce the risk of panic buying and higher prices.
📅 4 December 1980
Duncan reported resistance to binding oil-import ceilings from other consumers and Reagan’s transition team. He sought a standby arrangement for rapid action if the war worsened market pressure.
📅 9 December 1980
IEA ministers agreed on stock use, conservation and measures against destabilizing purchases. They set a collective demand-reduction objective but did not adopt country-specific import ceilings.
