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 point during the 1973 Yom Kippur War, which began after Egypt and Syria launched a large-scale surprise attack in an ultimately unsuccessful attempt to recover t...
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. decision to re-supply the Israeli military and to gain leverage in the post-war peace negotiations.
OPEC enacts oil embargo | October 17, 1973 - HISTORY
2010年2月9日 · By October 17, the tide had turned decisively against Egypt and Syria, and OPEC decided to use oil price increases as a political weapon against Israel and its allies.
Arab oil embargo | History, Cause, Impact, & Definition | Britannica
2025年1月8日 · In an attempt to pressure Western countries to force Israel to withdraw from seized lands, Arab members of OPEC (Organization of the Petroleum Exporting Countries) announced sharp production cuts and then banned the …
1970s Energy Crisis ‑ Causes, Effects, OAPEC - HISTORY
2010年8月30日 · An oil embargo imposed by members of the Organization of Arab Petroleum Exporting Countries (OAPEC) led to fuel shortages and sky‑high prices throughout much of the 1970s.
The 1973 Oil Crisis: Three Crises in One—and the Lessons for Today
2023年10月16日 · 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 iconic photographs of angry motorists fuming in gas lines are often evoked when oil …
1973 oil crisis, economic consequences, oil embargo, OPEC, …
Explain how the Organization of the Petroleum Exporting Countries (OPEC) was successful in its oil embargo in 1973. Analyze the impact of price controls on the 1970s oil crisis in the United States. AP Practice Questions
1973 Energy Crisis: Causes and Effects - Investopedia
2023年7月20日 · On Oct. 19, 1973, following then-President Richard Nixon’s decision to provide Israel with $2.2 billion in emergency aid in support of the Yom Kippur War, the Organization of the Petroleum...
Oil Shock of 1973–74 - Federal Reserve History
2013年11月22日 · 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 quadrupled the price of oil from $2.90 a barrel before the embargo to $11.65 a barrel in January 1974.
OPEC Oil Embargo - The Balance
2022年4月30日 · The Organization of the Petroleum Exporting Countries (OPEC) oil embargo was a decision to stop exporting oil to the United States. On Oct. 19, 1973, the 12 OPEC members agreed to the embargo. Over the next six months, oil prices quadrupled.