Flashback Friday: The 1973 oil crisis
Edited By WION Video Desk
Published: Oct 20, 2023, 05:10 IST | Updated: Oct 20, 2023, 05:10 IST
The onset of the embargo contributed to an upward spiral in oil prices with global implications. The price of oil per barrel first doubled, then quadrupled, imposing skyrocketing costs on consumers and structural challenges to the stability of whole national economies.
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