October 17, 1973 · Global Economy Theater
October 17, 1973
Arab oil-producing nations embargo oil exports to countries supporting Israel — primarily the US and Netherlands. Oil prices quadruple from $3 to $12 per barrel. Gas lines stretch for miles across America. European allies distance themselves from US policy. Japan publicly pressures Israel. The weapon that Egypt and Syria could not wield militarily, Saudi Arabia wielded economically.
Commanders