What did the Middle East do to us in 1973?
Arab oil embargo, temporary cessation of oil shipments from the Middle East to the United States, the Netherlands, Portugal, Rhodesia, and South Africa, imposed by oil-producing Arab countries in October 1973 in retaliation for support of Israel during the Yom Kippur War; the embargo on the United States was lifted in …
Who did the US support in the Yom Kippur War?
Egypt and Syria were supported directly with armed forces from Iraq and Jordan. They were also supported by the Soviet Union and a number of Arab states including Libya, Morocco, Saudi Arabia, and Lebanon. The Egyptians and the Syrians started the attack on Yom Kippur.
Does the US support Israel?
Since the 1960s, the United States has been a very strong supporter of Israel. … More recently, in fiscal year 2019, the United States provided Israel with $3.8 billion in military aid. Israel also benefits from around $8 billion in American loan guarantees.
What was the impact of the 1973 Arab-Israeli war?
The 1973 Arab-Israeli War was a watershed for U.S. foreign policy toward the Middle East. It forced the Nixon administration to realize that Arab frustration over Israel’s unwillingness to withdraw from the territories it had occupied in 1967 could have major strategic consequences for the United States.
Why was there an oil crisis in 1973?
Oil Embargo, 1973–1974. During the 1973 Arab-Israeli War, 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.
What were two effects of OPEC’s 1973 oil embargo on the US economy?
The OPEC oil embargo was an event where the 12 countries that made up OPEC stopped selling oil to the United States. The embargo sent gas prices through the roof. Between 1973-1974, prices more than quadrupled. The embargo contributed to stagflation.
What war was going on in 1973?
1973 in the Vietnam War began with a peace agreement, the Paris Peace Accords, signed by the United States and South Vietnam on one side of the Vietnam War and communist North Vietnam and the insurgent Viet Cong on the other.