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20 December, 18:04

Which best describes the main cause of the 1973 Oil Crisis? Nixon ended the gold standard, which raised the price of gasoline. The US recession led to an increase in the price of gasoline. Israel won the Yom Kippur War, which raised the price of oil. OPEC raised oil prices to punish the United States for its support of Israel.

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  1. 20 December, 18:15
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    Answer: OPEC raised oil prices to punish the United States for its support of Israel.

    Major industrial nations of the world, including the the United States, faced energy crisis (substantial shortages of petroleum) in 1973. The 1973 Oil Crisis was said to be caused by the Arab Oil Embargo of OAPEC where OPEC raised oil prices to punish the United States for its support of Israel.
  2. 20 December, 18:17
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    on edg the correct answer is D.
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