The U.S. strike on Iran's nuclear site raises fears of a new oil crisis. Here's how the S&P 500 reacted during past energy ...

The tight market and Russia’s struggles to sell its oil are setting the stage for the biggest supply shock since the 1970s—the Arab oil embargo of 1973-1974 and the Iranian revolution of 1979 ...

Today’s stock market is so overvalued that it won’t take much of a piece of straw to break the camel’s back — much less an ...

Oil also powers less of the US economy these days. In 1975, petroleum accounted for 47% of the energy consumed in the United ...

On Dec. 23, 1973, cars lined up in two directions at a gas station in New York City. The Arab oil embargo caused gas shortages nationwide and shaped U.S. foreign policy to this day.

In 1973, that oil shock looked like a triumph for OPEC and a calamity for the rest of the world. The OPEC states enjoyed enormous windfalls and new geopolitical influence, whereas the United States ...

Ahmed Zaki Yamani, the long-serving Saudi oil minister who masterminded an OPEC embargo that plunged western economies into recession in 1973, has died at the age of 90, Saudi state TV reported on ...

So far, the conflict between Israel and Iran hasn’t caused oil prices to spike too high, but economists are watching.

Ahmed Zaki Yamani, the long-serving Saudi oil minister who masterminded an OPEC embargo that plunged western economies into recession in 1973, has died at the age of 90, Saudi state TV reported on ...

Forty years ago this week, the U.S. was hit by an oil shock that reverberates until this day. Arab oil producers cut off exports to the U.S. to protest American military support for Israel in its ...

The man responsible for the 1973 oil shock has died. Ahmed Zaki Yamani, the long-serving Saudi oil minister who masterminded an OPEC embargo that plunged western economies into recession in 1973, ...

Ahmed Zaki Yamani, the long-serving Saudi oil minister who masterminded an OPEC embargo that plunged western economies into recession in 1973, has died at the age of 90, Saudi state TV reported on ...