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In October 1973, the Organization of Arab Petroleum Exporting Countries (OAPEC) announced that it was implementing a total oil embargo against countries that had supported Israel at any point during the 1973 Yom Kippur War, which began after Egypt and Syria launched a large-scale surprise attack in an ultimately unsuccessful attempt to recover the…
Background, The war and the "oil weapon" & Effects
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oil embargo 1973 states price united saudi war us arab faisal energy israel 1974 crisis isbn arabia american prices october
| Subject | Predicate | Object | Confidence | Src |
|---|---|---|---|---|
| gold.Countdown to the October WarArab oil producing countries had attempted to use oil as leverage to influence political events on two prior occasions | instance of | 1974 largely returned their prices and corresponding incomes to former levels in terms of commodities | 0.80 | text |
| gold | instance of | 1974 largely returned their prices and corresponding incomes to former levels in terms of commodities | 0.80 | text |
| Iran | instance of | Oil producers that had not joined the embargo | 0.80 | text |
| Venezuela | instance of | Oil producers that had not joined the embargo | 0.80 | text |
| Libya | instance of | Oil producers that had not joined the embargo | 0.80 | text |
| Iraq demanded higher prices in Japan | instance of | Oil producers that had not joined the embargo | 0.80 | text |
| Europe | instance of | Oil producers that had not joined the embargo | 0.80 | text |
| as an initiative to ship oil to those places instead of the United States | instance of | Oil producers that had not joined the embargo | 0.80 | text |
| setting off a worldwide inflationary spiral.The only European nations subject to the oil embargo were the Netherlands | instance of | Oil producers that had not joined the embargo | 0.80 | text |
| Iran | instance of | since Americans imported more oil from non-embargoed nations | 0.80 | text |
| France | instance of | to the Arab viewpoint in regards to the Arab-Israeli dispute | 0.80 | text |
| Belgium were the ones who suffered the most from the worldwide inflation caused by the embargo.In March 1974 | instance of | to the Arab viewpoint in regards to the Arab-Israeli dispute | 0.80 | text |
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