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Angry at Kissinger, Yamani in an interview with the Washington Post on April 19, 1973, warned that King Faisal was considering an oil embargo. [33] At the time, the general feeling in Washington was the Saudis were bluffing and nothing would come of their threat to impose an oil embargo. [34]
Because of Saudi Arabia's close partnership with the U.S. since 1945, King Faisal's decision to launch the oil embargo has become regarded as the most dynamic and aggressive aspect of the crisis. [30] The oil embargo, which lasted until March 1974, generated the most diplomatic hostility the Saudi-U.S. relationship had seen thus far.
Today, Oct. 19, is the 45th anniversary of the OPEC oil embargo against the U.S. It was this move that spurred the 1970s energy crisis and helped in part lead to the stagflation of 1973 to 1975.
This page is subject to the extended confirmed restriction related to the Arab-Israeli conflict. Faisal Custodian of the Two Holy Mosques Formal portrait, 1945 King of Saudi Arabia Reign 2 November 1964 – 25 March 1975 Bay'ah 2 November 1964 Predecessor Saud Successor Khalid Regent of Saudi Arabia Tenure 4 March 1964 – 2 November 1964 Monarch Saud Prime Minister of Saudi Arabia Tenure 16 ...
The U.S.’s decision to back Israel in the conflict ultimately led to an oil embargo and production cuts from the Organization of Arab Petroleum Exporting Countries (OAPEC), which caused the ...
OPEC kingpin Saudi Arabia does not wish to impose a 1973-style oil embargo on Western consumers, the country's energy minister reportedly said Monday, amid a deepening crisis over the killing of ...
Ahmed Zaki Yamani (Arabic: أحمد زكي يماني; 30 June 1930 – 23 February 2021) was a Saudi Arabian politician who served as Minister of Petroleum and Mineral Resources under four Saudi monarchs from 1962 to 1986, and a minister in the Organization of the Petroleum Exporting Countries (OPEC) for 25 years.
The arms lift enraged King Faisal of Saudi Arabia, and he retaliated on October 20, 1973, by placing a total embargo on oil shipments to the United States, to be joined by all of the other oil-producing Arab states except Iraq and Libya. [141]