Phrases with «oil embargo»

An "oil embargo" is when a country restricts or stops the exportation or importation of oil to another country as a punishment or political strategy. Full definition

Sentences with «oil embargo»

  • After the Arab oil embargo of 1973 and the 1979 fuel crises, a majority of American FR vehicles (station wagons, luxury sedans) were phased out for the FF layout — this trend would spawn the SUV / van conversion market. (en.m.wikipedia.org)
  • Adding to the turmoil, the OPEC oil embargo in 1973 sent crude prices higher, further hurting U.S. consumers who also battled with the devaluation of the U.S. dollar. (traderhq.com)
  • That group is made up of 28 member nations, and was formed in the wake of the Arab oil embargo in 1973. (techtimes.com)
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