AT A GLANCE • The Middle East oil embargo of 1973 spurred the creation of the Strategic Petroleum Reserve, or SPR, to safeguard U.S. national energy security against such events in the future.

The 1973 oil crisis began when Arab producers led by Saudi Arabia slapped an oil embargo on Western supporters of Israel in its war with Egypt, targeting Canada, Japan, the Netherlands ...

In his first term, President Donald Trump's first foreign trip was to Riyadh. His first phone call to a foreign leader in his ...

The United States established its Strategic Petroleum Reserve (SPR) in the wake of the 1973–1974 oil embargo that disrupted oil imports and drove oil prices much higher. The SPR consists ...

It has been 50 years since the Arab oil embargo and the ensuing crisis, which broke in October 1973. The initiating action was the embargo, but I recall that markets were tightening ahead of that ...

One of the largest surges in crude prices in recent history was the Arab oil embargo of 1973. US support for Israel during the Yom Kippur caused OPEC nations to cut oil exports to America.