Question

Why did the Yom Kippur War impact the economy?

Answer 1

Answer: Arab nations increased oil prices.

Explanation: hope this helps, i was also looking for this answer and i guessed and got it right!

Answer 2

The correct option for why did the Yom Kippur War impact the economy is B. Arab nations increased oil prices.

The 1973 crisis resulted from cuts in domestic oil manufacturing, whereas the 1979 crisis became the result of the Yom Kippur war. The 1973 crisis changed into greater excessive than the crisis of 1979. each crisis brought about decreased regulations to make bigger home oil production.

The struggle did not without delay adjust the dynamics of the Arab-Israeli war, however, it did have a substantial effect on the trajectory of an eventual peace system between Egypt and Israel, which culminated in the go back of the complete Sinai Peninsula to Egypt in trade for lasting peace.

The embargo ceased U.S. oil imports from participating OAPEC countries and commenced a series of manufacturing cuts that altered the world price of oil. those cuts almost quadrupled the fee of oil from $2.90 a barrel before the embargo to $ 11.65 a barrel in January 1974.

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