Embargo: When the Arab world choked the West
Middle East Eye · · 72 views
Description
'You will lose everything.'
That was Saudi King Faisal's warning to American oil executives in 1973. But Washington didn't listen.
Months later, Saudi Arabia led an Arab oil embargo that nearly quadrupled the price of oil, drained petrol stations across America and pushed Washington to weigh seizing Gulf oil fields by force.
And at the heart of it all was America’s unconditional support for Israel.
Mohamed Hashem unpacks the story of the oil embargo of 1973 which shook the global energy market.
This is Real Talk: Explained.
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