The Israel-Hamas conflict has revived memories of the Yom Kippur War that sparked the 1973 oil crisis. Deutsche Bank’s strategists even warned this week that the odds of 1970s-style stagflation—a ...
Javier Blas is a Bloomberg Opinion columnist covering energy and commodities. He is coauthor of “The World for Sale: Money, Power and the Traders Who Barter the Earth’s Resources.” History doesn’t ...
The attack on Israel on the 50th anniversary of the Yom Kippur War should remind us of another anniversary: the 1973 Arab oil embargo. The war began on Oct. 6, and the Organization of the Petroleum ...
Fifty years after the 1973 Arab oil embargo, the current crisis in the Middle East has the potential to disrupt global oil supplies and push prices higher. But don’t expect a repeat of the ...
Mayor Butler said today that if the oil shortage becomes critical this winter the city may have to close its schools for January and February. "We don't know if that will be necessary," Butler said.
The Israel-Hamas war could cause significant disruptions to the global oil market, similar to the 1973 Oil Crisis. Iran may retaliate through oil embargoes or attacks on key oil facilities, which ...
Iran has urged OPEC members to halt oil exports to countries supporting Israel, echoing the 1973 oil embargo, which dramatically increased oil prices and altered global economies. The call for an ...