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Topic: 1973 OPEC oil embargo

The 1973 OPEC oil embargo was a major geopolitical event that led to a global energy crisis, dramatically impacting the world economy.

More on: 1973 OPEC oil embargo

The 1973 OPEC oil embargo was a decision by the Organization of the Petroleum Exporting Countries (OPEC) to embargo oil exports to the United States, the Netherlands, and other countries that had supported Israel during the Yom Kippur War. This embargo led to a sharp increase in oil prices, causing a global economic recession and high inflation, known as 'stagflation'.

The podcast episodes provided discuss the potential economic implications of escalating conflicts in the Middle East, drawing parallels to the 1973 oil embargo and its impact. Episode 1441 examines how a further escalation of the Israel-Hamas conflict could disrupt oil supplies and affect the global economy, while Episode 54159 commemorates the 50th anniversary of the 1973 oil shock and explores how the US's energy landscape has evolved since then.

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