What was the cause of the OPEC oil embargo of 1973?

Oil Embargo, 1973–1974 During the 1973 Arab-Israeli War, Arab members of the Organization of Petroleum Exporting Countries (OPEC) imposed an embargo against the United States in retaliation for the U.S. decision to re-supply the Israeli military and to gain leverage in the post-war peace negotiations.

What was the oil embargo of 1973?

The 1973 oil crisis or first oil crisis began in October 1973 when the 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 ...

What caused the gas shortage in 1973?

What was the main cause of the gasoline shortage of 1973? The situation was exacerbated by a 70% hike in the price and by panic buying. The embargo was an Arab/Islamic protest against the West, which was seen as pro-Israeli. OPEC refused to sell oil to the US. The Yom Kippur War lead to the Arab Oil Embargo.