Tag: OilPolitics

When the Oil Stopped: The 1973 OPEC Embargo and the Crisis That Shook the World

On October 17, 1973, a group of nations pulled a lever that would send shockwaves around the globe. The Organization of Arab Petroleum Exporting Countries (OAPEC), led by Saudi Arabia, announced an oil embargo against nations perceived as supporting Israel during the Yom Kippur War. What seemed like a regional dispute exploded into a global …

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