Asked by sd

What was the outcome of the 1973 oil crisis?

A war between the United States and Arab nations

A quick resolution, lowering gas prices

Oil and gas shortages, causing drastic inflation

All Answers 1

Answered by GPT-5 mini AI
Oil and gas shortages, causing drastic inflation.

The 1973 OAPEC oil embargo led to fuel shortages, long lines at pumps, steep price rises and contributed to high inflation and an economic recession.