desmonde
Why did OPEC decide to introduce the embargo?
1973 oil crisis
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replied to: desmonde
jondabomb
Replied to: Why did OPEC decide to introduce the embargo?
The Shah of Iran told the New York Times, "You [Western nations] increased the price of wheat you sell us by 300%, and the same for sugar and cement...; You buy our crude oil and sell it back to us, refined as petrochemicals, at a hundred times the price you've paid to us."
replied to: jondabomb
galaxaura
Replied to: The Shah of Iran told the New York Times, "You [Western...
Arab nations placed an embargo on the US because it supported Israel during the Yom Kippur War.