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August 1, 2025
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oct 1, 1973 - OPEC Oil Embargo

Description:

The decision to stop exporting oil to the US by the 12 members of OPEC. They made this decision when Nixon switched the US onto the gold standard causing OPEC to lose a lot of money.

Added to timeline:

Date:

oct 1, 1973
Now
~ 51 years ago

Images: