1973 Oil Crisis Middle East oil refinery and energy crisis image

The 1973 Oil Crisis — When Energy Became a Weapon

Series: Then • Now The 1973 Oil Crisis — When Energy Became a Weapon Energy is never just about energy. It is about leverage. It is about power. And sometimes, it is about war without firing a shot. In 1973, the world learned that lesson the hard way. The Arab oil embargo did not begin as an economic event. It began as a geopolitical weapon—used to punish, pressure, and reshape the balance of global power. Gas lines stretched across America. Prices surged. Inflation accelerated. Governments panicked. But the [...]

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