1973 oil crisis
October 17, 1973 – March 18, 1974 · Riyadh, Saudi Arabia
Arab oil producers cut output and stopped exports to the United States and other supporters of Israel in the Yom Kippur War. Oil prices quadrupled, causing shortages, inflation and recession in the West.
Key people
Participants
Before and after
- Followed from
- Yom Kippur War October 6–25, 1973
