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12 July, 06:43

How did the oil embargo affect the prices of goods?

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  1. 12 July, 07:00
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    Answer: Started in October 1973, when the members of OPEC proclaimed an oil embargo "in response to the U. S. decision to re-supply the Israeli military" during the Yom Kippur war; it lasted until March 1974. OPEC declared it would limit or stop oil shipments to the United States and other countries if they supported Israel in the conflict.
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