HISTORY
HISTORY OF THE MIDDLE EAST
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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After World War I (WWI)
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After World War II (WWII)
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After 9/11
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After the Gulf War
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Detailed explanation-1: -The Organization of the Petroleum Exporting Countries (OPEC) was founded in Baghdad, Iraq, with the signing of an agreement in September 1960 by five countries namely Islamic Republic of Iran, Iraq, Kuwait, Saudi Arabia and Venezuela. They were to become the Founder Members of the Organization.
Detailed explanation-2: -OPEC was established at a conference held in Baghdad September 10–14, 1960, and was formally constituted in January 1961 by five countries: Saudi Arabia, Iran, Iraq, Kuwait, and Venezuela.
Detailed explanation-3: -As a result, the United States experienced its first fuel shortage and first significant increase in gasoline prices since World War II. In response to the embargo, the U.S. government imposed fuel rationing and lowered speed limits to reduce consumption.