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17 October 1973: Arab states declare oil embargo

Long queues formed at petrol stations after oil cartel Opec placed an embargo on the US on this day in 1973. The price of crude soared to $12 a barrel.

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by: Dr Matthew Partridge

17 Oct 2020

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17 October 1973: Arab states declare oil embargo

Long queues formed at petrol stations after oil cartel Opec placed an embargo on the US on this day in 1973. The price of crude soared to $12 a barrel.

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17 October 1973: Arab states declare oil embargo

Long queues formed at petrol stations after oil cartel Opec placed an embargo on the US on this day in 1973. The price of crude soared to $12 a barrel.

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