Responses
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 other countries to abandon oil for other sources of energy.
It led other countries to abandon oil for other sources of energy.
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, which contributed to inflation and economic downturns in many countries, particularly those heavily reliant on oil imports.
