Oil Crisis (oct 19, 1973 – mar 17, 1974)
Description:
Members of the Organization of Arab Petroleum Exporting Countries led by Saudi Arabia proclaimed an oil embargo. The embargo was targeted at nations that had supported Israel during the Yom Kippur War. The initial nations targeted were Canada, Japan, the Netherlands, the United Kingdom and the United States with the embargo also later extended to Portugal, Rhodesia and South Africa.Added to timeline:
Date:
oct 19, 1973
mar 17, 1974
~ 4 months and 29 days