The 1973 Arab Oil Embargo (sep 1, 1973 – mar 1, 1974)
Description:
Arab oil producers cut off exports to the U.S. to protest American military support for Israel in its 1973 war with Egypt and Syria. This brought soaring gas prices and long lines at filling stations, and it contributed to a major economic downturn in the U.S.Added to timeline:
Date:
sep 1, 1973
mar 1, 1974
~ 6 months