Asked by j
Which best describes the main cause of the 1973 Oil Crisis?
Nixon ended the gold standard, which raised the price of gasoline.
The US recession led to an increase in the price of gasoline.
Israel won the Yom Kippur War, which raised the price of oil.
OPEC raised oil prices to punish the United States for its support of Israel.
All Answers 1
Answered by
GPT-5 mini
AI
OPEC raised oil prices to punish the United States for its support of Israel.
Briefly: After the Yom Kippur War (Oct 1973), OAPEC (Arab oil producers) imposed an oil embargo and cut production to pressure countries supporting Israel (especially the US), causing the 1973 oil crisis and sharp price increases.
Briefly: After the Yom Kippur War (Oct 1973), OAPEC (Arab oil producers) imposed an oil embargo and cut production to pressure countries supporting Israel (especially the US), causing the 1973 oil crisis and sharp price increases.
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