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On October 17, Arab oil producers cut production by 5% and instituted an oil embargo against Israel's allies: the United States, the Netherlands, Rhodesia, South Africa, and Portugal.
Jun 26, 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 Israel during the Yom Kippur War.
Oct 16, 2013 · On Dec. 23, 1973, cars formed a double line at a gas station in New York City. The Arab oil embargo caused gas shortages nationwide and shaped U.S. foreign policy to this day.
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 America’s support of Israel in the Arab-Israeli War.
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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.
Oct 23, 2013 · Israeli forces were nearing Damascus and Cairo when a ceasefire took hold. But as the Soviet Union resupplied its Arab clients and President Nixon resupplied Israel, Arab members…
Oct 11, 2023 · Fifty years ago, a secret deal among Arab governments triggered one of the most traumatic economic crises to afflict the United States and other big oil importers. Saudi King Faisal and other Arab leaders launched an oil embargo on Oct. 17, 1973, as payback for Washington siding with Israel in its war with neighboring Egypt and Syria.
Oct 11, 2023 · Saudi King Faisal and other Arab leaders launched an oil embargo on Oct. 17, 1973, as payback for Washington siding with Israel in its war with neighboring Egypt and Syria.
Jul 20, 2023 · The 1973 energy crisis, also known as the Oil Shock of 1973–74, was a period of skyrocketing energy prices and fuel shortages resulting from an embargo by Arab oil-producing...
Nov 13, 2023 · The Arab oil embargo, imposed by the Organization of Arab Petroleum Exporting Countries, led by Saudi Arabia, during the Yom Kippur war in 1973, refers to the suspension of oil supplies to the USA and its allies.
