The day prior, July 20, 1974, the Turks invaded Cyprus in response to the July 15, 1974 move by the Greek military junta ruling the country to annex the island to Greece which had seen a coup take place on the island, replacing Archbishop Makarios III with Greek nationalist
Greek commandos landed on the island on this day.
The Turkish Air Force, in a case of mistaken identification, sank the Turkish destroyer TCG Kocatepe, and heavily damaged the Adatepe and Mareşal Fevzi Çakmak off the coast of Paphos at Cyprus. The vessels were misidentified as Greek vessels.
The Israeli cabinet voted to turn down a proposal to begin discussions with moderate Palestinian representatives to establish an independent Palestinian nation on the West Bank in exchange for Arab recognition of Israel's right to exist.
Egypt gave exclusive oil and gas prospecting rights in the Gulf of Suez to Standard Oil and the same for the Red Sea to Mobil Oil and Union Oil.
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