USA HISTORY

Detailed explanation-1: -During the 1973 Arab-Israeli War, Arab members of the Organization of Petroleum Exporting Countries (OPEC) imposed an embargo against the United States in retaliation for the U.S. decision to re-supply the Israeli military and to gain leverage in the post-war peace negotiations.

Detailed explanation-2: -October 1973–January 1974 The embargo ceased U.S. oil imports from participating OAPEC nations, and began a series of production cuts that altered the world price of oil. These cuts nearly quadrupled the price of oil from $2.90 a barrel before the embargo to $11.65 a barrel in January 1974.

Detailed explanation-3: -The Arab-dominated Organization of Petroleum Exporting Countries (OPEC) announces a decision to cut oil exports to the United States and other nations that provided military aid to Israel in the Yom Kippur War of October 1973.

Detailed explanation-4: -The promise of a negotiated settlement between Israel and Syria was enough to convince Arab oil producers to lift the embargo in March 1974.

Detailed explanation-5: -After suffering a humiliating defeat at the hands of Israel in the 1973 Yom Kippur War, Arab leaders unsheathed a new political weapon–oil. In order to pressure Israel out of territory conquered in the 1967 and 1973 wars, Arab nations cut oil production 25 percent and embargoed all oil exports to the United States.