This deal held well enough until the 1973/74 Oil Crisis when OPEC members plus Egypt, Syria and Tunisia, began an embargo on oil exports to the U.S., Great Britain, Japan, Canada and the Netherlands.

Moreover, she said that, if Ottawa moves to cut exports, “they will have a national unity crisis on their on ... to a voluntary freeze on oil prices amid the 1973 Arab oil embargo.

In the 70s, economic growth, relaxed lending, and rising wages fuelled another boom. The oil crisis of 1973 and the subsequent economic downturn led to high inflation and then interest rates, and a ...

But as a new government takes shape in Damascus, Syrians and foreign observers alike worry about how inclusive, representative, and Islamist it may be. The country’s de facto leader, Ahmed al-Shara, ...

The oil crisis of 1973 marked the rise of OPEC and the first genuine threat to the Seven Sisters oligarchy. As different parts of the world began to understand the benefits of energy localization ...

Beginning with the oil crisis of the 1970s ... the interaction of disadvantages — but instead of drawing hurt constituencies together, it fragmented them into highly sectarian and identity ...

This was forbidden after the oil crisis of 1973. Other reasons include the slowdown in the economies of major oil consumers like China. Conspirators whisper the fall in oil prices was to punish ...

From such flights of fancy often come crazy concepts like the Toyota High Performance Concept, which looks like a futuristic ...

In the 70s, economic growth, relaxed lending, and rising wages fuelled another boom. The oil crisis of 1973 and the ...

Trump’s second term (2025-2028) policies are speculative at this point, as they haven’t been fully defined, but we can draw ...