The 1973 oil crisis began when Arab producers ... as higher prices led to the development of new oil provinces outside the Middle East and encouraged alternative energy. Riyadh has refrained ...

The economy could see another 1970s-style oil shock if conflict in the Middle East escalates ... leading to a shock to oil prices like the 1973 Yom Kippur War, or the 1979 Iranian Revolution ...

Japan’s dependence on oil from the Middle East has risen to a record level at a time when global oil markets are haunted by Russia’s war in Ukraine and the Israel-Hamas conflict. Today, nearly ...