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Event Brief

Lessons from the 1970s Oil Crisis

The 1973 Yom Kippur War triggered a major energy crisis, leading to oil price spikes and fuel shortages.
WHO: OPEC
WHAT: oil production cuts and embargo
WHEN: Mar 26, 2026 at 10:48 AM ET
WHERE: USA
WHY: The Yom Kippur War prompted OPEC to stop selling oil to countries supporting Israel.
Sources (1): The Independent

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