Society in Transition

AP US History· difficulty 3/5

Crude Oil Price ($/barrel, nominal) $40 $25 $10 $0 OPEC embargo Oct '73 Iranian Rev '79 Iran-Iraq War '80 '70 '73 '76 '79 '82 Source: U.S. Energy Information Administration

The 1973 spike was triggered most directly by which event?

  • A

    The fall of the Shah in Iran

  • B

    OPEC's oil embargo against the United States during the Yom Kippur War

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  • C

    Soviet invasion of Afghanistan

  • D

    Nixon's resignation and resulting policy uncertainty

Explanation

OPEC's Arab members embargoed oil to nations supporting Israel in the October 1973 war, quadrupling prices and triggering long gas lines and a recession in the U.S.

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