Responses
It led other countries to abandon oil for other sources of energy.
It led other countries to abandon oil for other sources of energy.
It led to a sharp rise in prices and a severe recession.
It led to a sharp rise in prices and a severe recession.
It led Western powers like the U.S. to abandon their support for Israel.
It led Western powers like the U.S. to abandon their support for Israel.
It led the U.S. and its allies to use force to get oil moving again.
1 answer
The statement that best describes how the Arab Oil Embargo affected the rest of the world is:
It led to a sharp rise in prices and a severe recession.
The embargo resulted in significant increases in oil prices and contributed to economic downturns in many countries, leading to widespread inflation and recession during the 1970s.
