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Question
energy crisis
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who declared an oil embargo against the united states in the 1970s?
petrochemical exporting countries
organization of the petroleum exporting countries
tehran oil bourse
iran mercantile exchange
Brief Explanations
The Organization of the Petroleum Exporting Countries (OPEC) declared an oil embargo against the United States in the 1970s. This was in response to U.S. support for Israel during the Yom Kippur War. The other options are incorrect:
- "Petrochemical Exporting Countries" is not a recognized entity related to this embargo.
- The "Tehran Oil Bourse" is an oil trading platform and not the entity that declared the embargo.
- The "Iran Mercantile Exchange" is also a trading platform and not relevant to the embargo declaration.
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Organization of the Petroleum Exporting Countries