ACN Business

The Arab embargo 50 years ago weaponized oil to inflict economic trauma – sound familiar?

Written by Jim Krane, Fellow in Energy Studies, Baker Institute for Public Policy; Lecturer, Rice University

Cars lined up for gasoline in New Jersey in 1973 as supplies ran low and prices shot upward.Frederic Lewis/Archive Photos/Getty Images

Fifty years ago, a secret deal among Arab governments triggered one of the most traumatic economic crises to afflict the United States and other big oil importers.

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The Arab embargo 50 years ago weaponized oil to inflict economic trauma – sound familiar?

SBCo Appointed Strategic Communications Partner for THE PILLARS - Sydney’s Private Members Club

Feeling the pinch? Here are some ways to find savings – and even fight inflation

Get ready for a budget slowdown. But Chalmers insists we won’t see a recession

At a glance: budget 2026

A budget with a bundle of reforms in a time of ‘extreme uncertainty’

Aurecon bolsters South Australian leadership to support major infrastructure growth

Traditions of Rural Bali at Villa Sabana

NEW SOUTH WALES ABORIGINAL LAND COUNCIL LODGE COMPLAINT WITH THE AUSTRALIAN HUMAN RIGHTS COMMISSION ON CROWN LANDS BILL

Scalability Challenges: A Beginner's Guide to Choosing and Using Topsoil Screeners

Telstra Chair Craig Dunn Joins Charity Redkite Board Of Directors

A budget for the ‘squeezed middle’ – but will it be the political circuit-breaker Labour wants?

Bunji dog treats to hit Ritchies shelves

Pre-Budget Expectations

“Time is running out to get Payday ready,” Brighter Super urges

PayNuts Unveils Expanded Integrated Solutions and Refreshed Brand to Support Australian SMEs

BizCover Brings Australia’s First AI-Based Insurance Quotes to ChatGPT

VistaPrint Research Reveals Australian Small Businesses Face a Succession Cliff

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