European Stars And Stripes (Newspaper) - August 10, 1988, Darmstadt, Hesse                                Oilers Gretzky reportedly going to Kings sports wire Page 27 the sars an stripes authorized unofficial publication forthe . Armed forces vol. 47, no. 114 wednesday August 10, 1988 Good morning 254 daily and sunday d 8693 a peacekeeping Force approved to Monitor Iran Iraq cease fire Carlucci says Navy will stay in Gulf until truce is assured Washington a defens Secretary Frank Carlucci said tues Day the United states will withdraw most of its naval forces from the per Sian Gulf Only when it is convince that a cease fire in the Iran Iraq War has taken hold. I would think we d have to wait until the cease fire actually takes hold and probably after that a Pru Dent period to make sure that it stays in effect Carlucci said on Abc tvs today program. We have no desire to keep our ships our people there any longer than necessary. At the same time Wedon t want to put them in any Dan Ger he said in a separate interview on lbs this  the United states has maintained Force of close to 30 ships in the per Sian Gulf to guard against attacks Noil tankers and other Neutral shipping by Iran and Iraq. Since june 1987,Many kuwaiti tankers have carried american flags and been protected i convoys of . Naval ships. More recently the . Navy was ordered to protect All Neutral shipping that comes under attack in the Gulf. United nations a these purity Council voted tuesday to Send a 350-Man unarmed peacekeeping Force to Monitor a cease fire and troop withdraw als in the 8-year-old War Between Iran and Iraq. The vote came a Day after Secretary general Javier Perez de Cuellar announced that a truce will begin in the Region aug. 20. The Secretary general said he would mediate peace talks be tween Iran and Iraq beginning aug. 25, in Geneva. The 15-member Council voted unanimously to adopt a Resolution accepting Perez de Cuellar s recommendations for the peacekeeping Force to be called the . Iran Iraq military observer group. Represent Ives of Iran and Iraq sat in on the meeting. The Resolution approves the stationing of the Force for a period of six months unless the Council decides  Perez de Cuellar said in his report to the Council he expects the peacekeepers to be in place not later than three Days before the cease fire. The Cost of the Force is estimated at $74 million $47 million of which would be for set up costs. The United nations will assess its 159 members for the Cost of the Mission. Hashemi a Sfanjani acting com Mander of iranian forces said tuesday Iran would not initiate any More military actions against Iraq. But he warned sol Diers to maintain their Vigil against pos sible enemy attacks. A Sfanjani s statements were Broad cast on official Tehran radio. In his announcement monday Perez de Cuellar did not announce dates for a troop withdrawal prisoner Exchange or other elements of the year old . Peace plan. The populations and economies of both Iran and Iraq have been exhausted by a War fought with modern weapons but with tactics harking Back to the most see Force on Back Page Federal Reserve hikes discount Rote to 6.5% Washington a the Federal Reserve Board announced tuesday it is boosting its key Bank lending rate from 6 percent to 6.5 percent raising the possibility that other interest rates including those on credit cards and mortgages will go higher too. The fed in a statement said its decision reflects the intent of the Federal Reserve to reduce inflationary Hamadi admits hijacking role denies murder Frankfurt West Germany a Moham med Ali Hamadi admitted in court tuesday to being one of four men who hijacked a Twa jetliner to Beirut in 1985, but he denied killing a . Navy diver during the  took part in the hijacking the lebanese shiite moslem said Reading from a statement in the heavily guarded courtroom. If this act which i committed is against the Law then it is a result of illegal conduct on the part of Israel Hamadi speaking in arabic said through a interpreter. Thirty nine americans were held captive for 17 Days after Twa flight 847 was hijacked on an Athens to Rome flight. Navy diver Robert Stethem was beaten and fatally shot and his body thrown onto a Beirut Airport  West German Law Hamadi still can be convicted of murder even if he did not actually pull the trigger. He faces a maximum of life in prison. Hamadi on trial for air piracy and murder said he hijacked a . Aircraft because the United states is the greatest ally and supporter of  read calmly and clearly from the statement. He said the goal of the june 1985 hijacking was to gain Freedom for shiites imprisoned in Israel. The decision to Hijack the plane came after every see Hamadi on Back Page pressures and was taken in Light of the growing spread of Market interest rates Over the discount  it was the first change in the Central Bank s discount rate since sept. 4 and put the rate at its highest Point in More than two years. The increase effective immediately set the discount rate which is the fee the fed charges to make Loans to . Financial institutions at its highest level since april 21, 1986, when it fell to 6.5 percent from 7 per cent. Analysts had expected the fed to tighten its reins on the Money Supply this week but few were expecting an increase in the discount rate which is the most dra see rate on Back Page bouquet for a new Mother Prince Andrew the Duke of York shows up at Lon Don s Portland Hospital tuesday carrying a smile and a Bunch of Flowers for his wife Sarah the Duchess of York who gave birth monday night to their first child a daughter the fifth grandchild of Brit Ain s Queen Elizabeth ii. See Story on Page 28.