Search
- Newsweek Magazine for September 17, 1973, "Arab Oil Squeeze" - In October 1973, the Arab nations of OPEC (Organization of Petroleum Exporting Countries) placed a five-month embargo on oil shipped to the United States -- considered an "enemy of the Arab cause" for supplying military aid to Israel during the so-called Yom Kippur War. The previous month, Libya nationalized foreign oil companies and the Arab oil squeeze was on.
- September 17, 1973
- Collections - Artifact
Newsweek Magazine for September 17, 1973, "Arab Oil Squeeze"
In October 1973, the Arab nations of OPEC (Organization of Petroleum Exporting Countries) placed a five-month embargo on oil shipped to the United States -- considered an "enemy of the Arab cause" for supplying military aid to Israel during the so-called Yom Kippur War. The previous month, Libya nationalized foreign oil companies and the Arab oil squeeze was on.