In 1973, the world experienced a major turning point in automotive history. The Organization of Petroleum Exporting Countries (OPEC) decided to tighten the flow of oil to the United States, triggering ...

Needless to say, the similarities with the first oil crisis in 1973 will suggest to many that a new oil price spike will occur, but this is not your father’s (or mother’s) oil crisis.

The Israel-Hamas conflict has revived memories of the Yom Kippur War that sparked the 1973 oil crisis. Deutsche Bank’s strategists even warned this week that the odds of 1970s-style stagflation ...

As a result, according to the World Bank, the elementary school enrollment rates in Iraq and Iran, which were less than 60% before the oil crisis, rose to about 80% in the 1980s.

Why oil prices spiralled in 1973, plus Amoco Cadiz, one of the world’s largest oil spills. Homepage. Accessibility links. Skip to content; ... Marking 50 years since the 1973 global oil crisis.

First oil crisis. It was during the oil crisis of 1973 when the world suddenly realised just how dependent it was on the Middle East and OPEC for its oil. ... the Arab oil producing countries slapped ...

Fifty years after the 1973 Arab oil embargo, the current crisis in the Middle East has the potential to disrupt global oil supplies and push prices higher. But don't expect a repeat of the ...

History doesn't repeat itself, but it often rhymes. On the eve of the 50th anniversary of the world's first oil crisis, the parallels between October 2023 and October 1973 are easy to draw: A ...

The Israel-Hamas conflict has revived memories of the Yom Kippur War that sparked the 1973 oil crisis. Deutsche Bank’s strategists even warned this week that the odds of 1970s-style stagflation ...