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STEPPING BACK IN TIME: 'World holds its breath' after Iran hostage rescue fiasco


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The News Letter s coverage of President Jimmy Carte s desparate gamble in the Iran hostage crisis in April 1980. Picture: News Letter archives
Deputy Shadow Foreign Secretary Peter Shore summer up the mood with the phrase: “The world is holding is breath this weekend.”
The crisis wiped £800 million off shares on the London Stock Exchange, and sent gold up 28 dollars an ounce and the dollar down.
The Prime Minister’s public stance and swift support of President Carter reportedly hid private fears and criticisms by ministers over his handling of the crisis.
Sir Ian was asked to guarantee that in no circumstances would Britain support the USA in military action, but he avoided giving an answer. ....

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