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What is OPEC about?

The 1973 oil embargo, orchestrated by OPEC in response to Western support for Israel during the Yom Kippur War, dramatically reshaped global economies and geopolitical power dynamics. It led to soaring oil prices, economic turmoil in the US and Europe, and a significant shift in foreign policy, particularly for the US, which sought to reduce dependence on foreign oil. The embargo highlighted the vulnerabilities of Western nations and catalyzed a movement towards energy security and diversification that cont

Author

rrakshita.786

Language

EN