Sentences with phrase «oil embargo against»

The export ban is a relic of a previous era, put in place around the time of the 1973 Arab oil embargo against the U.S., when Washington thought very differently about ensuring America's energy needs.

The US supplied arms to the Israelis and Arab nations responded with the OAPEC coordinated oil embargo against the West (Merrill 2007), resulting in long queues for petrol, fuel rationing and the exhaustion of national reserves.

Not exact matches

If Iran and the United States finalize an agreement on the latter's nuclear enrichment program and lift an embargo against Iranian oil, we would see another increase in global supply.

The now - repealed U.S. oil export ban dated back to an era of feared fuel shortages after Arab members of OPEC imposed an embargo against the United States in retaliation for U.S. support of the Israeli military.

Best long term strategy for US would be playing Iran of against Saudi Arabia as well as having another big oil exporter around so that the chances of another unified oil embargo are much lower.

Then the 1973 Arab Oil Embargo hit, as Arab oil producers cut off exports to the U.S. in a political move against U.S. support for IsraOil Embargo hit, as Arab oil producers cut off exports to the U.S. in a political move against U.S. support for Israoil producers cut off exports to the U.S. in a political move against U.S. support for Israel.