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Event

1973 oil embargo

The Arab oil producers’ embargo on the United States and cuts in output, from October 1973 to March 1974.

12 links, 11 backed by primary records

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Dates
17 Oct 1973 – 18 Mar 1974
Also known as
1973 oil crisis, Arab oil embargo
Wikidata
Q316817
How each side tells it

According to Anwar Sadat

According to United States government

According to International Energy Agency

Connections 12

interventions

involved

  • OAPEC instituted the embargo, according to the Federal Reserve’s history Scholarship & press 3
  • Saudi Arabia announced on 20 October that it would stop all oil exports to the U.S. Primary record 4

includes

caused by

caused

led to

Timeline 3 dates
  1. 17 Oct 1973 – 18 Mar 1974 1973 oil embargo
  2. 11 Nov 1973 Ahmed Zaki Yamani intervened in 1973 oil embargo
  3. Jan 1974 Faisal of Saudi Arabia intervened in 1973 oil embargo According to Anwar Sadat
Proof 10 sources
  1. Message From Saudi Minister of Petroleum Yamani to Secretary of State Kissinger, Jidda, 11 November 1973 (FRUS 1969–1976, vol. XXXVI, doc. 239), U.S. Department of State, Office of the Historian, 11 Nov 1973. Primary record
    The oil picture is not as dim as I had previously indicated.
  2. Editorial Note on the lifting of the embargo, January 1974 (FRUS 1969–1976, vol. XXXVI, doc. 292), U.S. Department of State, Office of the Historian. Primary record
    I am glad to inform you that, as a result of this visit, King Faisal has agreed to lift the embargo.
  3. Oil Shock of 1973–74 (Federal Reserve History), Federal Reserve History, 22 Nov 2013. Scholarship & press
    On October 19, 1973, immediately following President Nixon's request for Congress to make available $2.2 billion in emergency aid to Israel for the conflict known as the Yom Kippur War, the Organization of Arab Petroleum Exporting Countries (OAPEC) instituted an oil embargo on the United States
  4. Message From Prince Fahd of Saudi Arabia to the President’s Assistant for National Security Affairs (Kissinger), Jidda, 23 October 1973 (FRUS 1969–1976, vol. XXXVI, doc. 224), U.S. Department of State, Office of the Historian, 23 Oct 1973. Primary record
    On October 20 in Amman, Saudi Arabia announced that it would stop all oil exports to the United States, following Libya’s October 19 announcement that it would cut off exports of all crude oil and petroleum products to the United States.
  5. Transcript of a Telephone Conversation Between Secretary of State Kissinger and President Nixon, Washington, 18 March 1974 (FRUS 1969–1976, vol. XXXVI, doc. 339), U.S. Department of State, Office of the Historian, 18 Mar 1974. Primary record
    the OAPEC meeting in Vienna decided to lift the embargo on the United States
  6. Editorial Note on the Arab oil cutback of 17 October 1973 (FRUS 1969–1976, vol. XXV, doc. 200), U.S. Department of State, Office of the Historian. Primary record
    the 11 members of the Organization of Arab Petroleum Exporting Countries (OAPEC) announced an immediate cutback of oil production by 5 percent
    In response to the decision by the United States to resupply key weapons to Israel
  7. Oil Embargo, 1973–1974 (Milestones in the History of U.S. Foreign Relations), U.S. Department of State, Office of the Historian. Primary record
    Arab members of the Organization of Petroleum Exporting Countries (OPEC) imposed an embargo against the United States in retaliation for the U.S. decision to re-supply the Israeli military and to gain leverage in the post-war peace negotiations.
    Partly in response to these developments, on November 7 the Nixon administration announced Project Independence
    These measures included the creation of the Strategic Petroleum Reserve, a national 55-mile-per-hour speed limit on U.S. highways, and later, President Gerald R. Ford’s administration’s imposition of fuel economy standards.
    It also prompted the creation of the International Energy Agency proposed by Kissinger.
  8. Telegram From the Embassy in Iran to the Department of State, Tehran, 26 December 1973 (FRUS 1969–1976, vol. XXXVI, doc. 271), U.S. Department of State, Office of the Historian, 26 Dec 1973. Primary record
    The October war and resulting oil embargo set the stage for skyrocketing crude prices.
  9. Public Law 93-239, Emergency Highway Energy Conservation Act (87 Stat. 1046), U.S. Government Publishing Office, 2 Jan 1974. Primary record
  10. History (International Energy Agency), International Energy Agency. Self-published
    The IEA was created in response to the 1973-1974 oil crisis when an oil embargo by major producers pushed prices to historic levels
Page history 1 change
  1. Add The Oil Weapon: the 1973 oil embargo, from OPEC's founding to the Strategic Petroleum ReserveAlibekb19881d

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