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Oil embargo

Index Oil embargo

An oil embargo is an economic situation wherein entities engage in an embargo to limit the transport of petroleum to or from an area, in order to exact some desired outcome. [1]

7 relations: Economic sanctions, Petroleum, Sanctions against Iran, Second Sino-Japanese War, 1967 Oil Embargo, 1973 oil crisis, 1979 energy crisis.

Economic sanctions

Economic sanctions are commercial and financial penalties applied by one or more countries against a targeted country, group, or individual.

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Petroleum

Petroleum is a naturally occurring, yellow-to-black liquid found in geological formations beneath the Earth's surface.

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Sanctions against Iran

Following the Iranian Revolution of 1979 and the resulting hostage crisis, the United States imposed an asset freeze and trade embargo against Iran.

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Second Sino-Japanese War

The Second Sino-Japanese War was a military conflict fought primarily between the Republic of China and the Empire of Japan from July 7, 1937, to September 2, 1945.

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1967 Oil Embargo

The 1967 Oil Embargo began on June 6, 1967, the second day of the Six-Day War, with a joint Arab decision to deter any countries from supporting Israel militarily.

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1973 oil crisis

The 1973 oil crisis began in October 1973 when the members of the Organization of Arab Petroleum Exporting Countries proclaimed an oil embargo.

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1979 energy crisis

The 1979 (or second) oil crisis or oil shock occurred in the world due to decreased oil output in the wake of the Iranian Revolution.

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Redirects here:

Oil embargo (disambiguation).

References

[1] https://en.wikipedia.org/wiki/Oil_embargo

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