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August 1, 2025
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oct 17, 1973 - 1973 Oil Crisis

Description:

During yom kippur war, the arab nations involved in OPEC induced an oil embargo on the UK [etc] - which caused oil prices to skyrocket 4x and caused heath to implement the two day week. This also induced stagflation.

Added to timeline:

Date:

oct 17, 1973
Now
~ 51 years ago