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ICE Princess25 [194]
3 years ago
5

Explaining ​What caused OPEC to impose the oil embargo? Do you think they had any justification for their action? Why or why not

?
History
1 answer:
Helen [10]3 years ago
7 0

Answer:  OPEC imposed an oil embargo in 1973 because of war that broke out between Israel and Arab neighbours. The embargo caused a significant increase in the price of oil and gas which started a round of inflation. Purchasing power of the dollar fell steadily which headed them into tough economic times.

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