Arab Oil Embargo

The Arab Oil Embargo of 1973 was a response by Middle Eastern oil-producing countries to Western support for Israel during the Yom Kippur War. They imposed an oil boycott, significantly reducing oil exports to countries like the U.S. and Europe. This caused a worldwide energy crisis, leading to fuel shortages, soaring prices, and economic disruption. The embargo highlighted the geopolitical power of oil resources and prompted nations to reconsider energy policies, seek alternative sources, and improve energy efficiency. It lasted several months and marked a major shift in global economic and political dynamics related to energy dependence.