oil embargo
Fuel supply ban
An oil embargo is a collective refusal by oil-producing countries to sell petroleum to targeted nations, typically as political pressure.
The term evokes the 1973 Arab oil embargo against the United States and other Western nations supporting Israel, which caused fuel shortages and long gas station lines: The oil embargo sent prices skyrocketing.
- petrodollarRevenue from crude exports
- price shockAbrupt cost change
- OPECPetroleum exporters' coalition
- pumpFluid-moving machine
- Yom Kippur War1973 Arab-Israeli conflict
barrel · petroleum · energy crisis · energy security · national security · sanctions · queue · shortage · fossil fuels · boycott · fuel rationing · strategic reserves · Henry Kissinger · Nixon administration · gas lines · prohibition · ration · long lines
- Arab HistoryArab Spring, Arab League, Nasser, Gamal Abdel Nasser, Baath Party
- 70sdisco, bell-bottoms, Saturday Night Fever, pet rock, leisure suits
- Oil Marketspetroleum, OPEC, crude, spot price, refinery
- boycottsboycott, consumer boycott, brand boycott, bus boycott, sports boycott
- economic controlstariff, quota, sanction, trade restriction, import ban
- embargoestrade ban, export ban, import ban
oil embargofree trade
Unrestricted international exchange
oil exports · open market · free trade agreement · oil production · deregulation
oil, oiled, oils, oiling, embargo, disembark, oiler, oiliness, oilcloth