When did the Arab oil embrargo take place?

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2026-05-12 06:46

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The Arab oil embargo occurred from October 1973 to March 1974. It was initiated by members of the Organization of Arab Petroleum Exporting Countries (OAPEC) in response to Western support for Israel during the Yom Kippur War. The embargo led to significant increases in oil prices and highlighted the vulnerability of oil-dependent economies, particularly in the West.

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