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#OilCrisis1973 #OPECEmbargo #Stagflation #EnergyGeopolitics #GlobalRecession #MiddleEastPolitics #FuelShortage #EconomicHistory #EnergyCrisis #OilShock

1973 Oil Crisis (OPEC Oil Embargo)

📉 Overview Origin: October 1973, during the Yom Kippur War (Arab–Israeli conflict). Trigger: Arab members of OPEC (led by Saudi Arabia) imposed an oil embargo against the US, Western Europe, and Japan for supporting Israel.… 

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