1973 oil crisis - Wikipedia
In October 1973, the Organization of Arab Petroleum Exporting Countries (OAPEC) announced that it was implementing a total oil embargo against countries that had supported Israel at any …
Oil Embargo, 1973–1974 - Office of the Historian
During the 1973 Arab-Israeli War, Arab members of the Organization of Petroleum Exporting Countries (OPEC) imposed an embargo against the United States in retaliation for the U.S. …
Arab oil embargo | History, Cause, Impact, & Definition | Britannica
Nov 12, 2024 · Arab oil embargo, temporary cessation of oil shipments from the Middle East to the United States, the Netherlands, and others in 1973–74, in retaliation for their support of …
The 1973 Oil Crisis: Three Crises in One—and the Lessons for Today
Oct 16, 2023 · The 1973 oil embargo shook the global energy market. It also reset geopolitics, reordered the global economy, and introduced the modern energy era. The crisis and the …
Oil Shock of 1973–74 - Federal Reserve History
Nov 22, 2013 · The embargo ceased U.S. oil imports from participating OAPEC nations, and began a series of production cuts that altered the world price of oil. These cuts nearly …
The 1973 Arab Oil Embargo: The Old Rules No Longer Apply
Oct 16, 2013 · Arab oil producers cut off exports to the U.S. to protest American military support for Israel in its 1973 war with Egypt and Syria. This brought soaring gas prices and long lines …
OPEC enacts oil embargo | October 17, 1973 - HISTORY
Feb 9, 2010 · In October 1973, OPEC ministers were meeting in Vienna when Egypt and Syria (non-OPEC nations) launched a joint attack on Israel. After initial losses in the so-called Yom …
1973 Energy Crisis: Causes and Effects - Investopedia
Jul 20, 2023 · What Was the 1973 Energy Crisis? The 1973 energy crisis, also known as the Oil Shock of 1973–74, was a period of skyrocketing energy prices and fuel shortages resulting …
Pain at the Pumps: The 1973 Oil Embargo and Its Effect on U.S.
On October 6, 1973, Egypt and Syria attacked Israel’s forces in the Sinai Peninsula and the Golan Heights. Wanting to avoid both an Arab defeat and military intervention, the Soviets began to …
50 Years After the Arab Oil Embargo - Columbia University
Oct 17, 2023 · Fifty years ago today, on October 17, 1973, a group of Arab oil ministers announced an embargo on oil exports to the United States and other countries in retaliation for …