1973 Oil Crisis: OPEC Embargo and its Global Impact

1973 Oil Crisis: OPEC EmbargoThe 1973 oil crisis was a global economic event that resulted from an oil embargo imposed by the Organization of the Petroleum Exporting Countries (OPEC), primarily targeting the United States and other Western nations, leading to widespread shortages, soaring prices, and significant political and economic consequences.The crisis began on October 17,… Read More