Arab Oil Producers Curtail Oil Shipments to Industrial States
At a glance:
- Series: Great Events from History II: Business and Commerce Series
- Categories: Diplomacy, International Relations, Foreign Affairs, Economics, Natural Resources
- Subcategories: Business, Trade, Commerce, Energy, Fuel, Power Sources
- Curriculum: American History 1951-present, Middle Eastern History
- Geographical Location: Middle East, Kuwait
- Date: October 17, 1973
Article abstract: In response to the United States’ decision to supply Israel during the October, 1973, Yom Kippur War, Arab oil ministers agreed to reduce oil shipments to nonfriendly oil importers.
Summary of Event
The decision by Arab oil-exporting states to withhold oil from states supporting Israel during the October, 1973, Yom Kippur War was a watershed in the history of modern Western civilization. It revealed the fragile roots of the Western life-style, which had come to rest on an energy source Western countries did not control and for which...
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