What event occurred in 1973 that dramatically change oil prices?

i cannot find this please help that question will be on my final and please don't put it down if you are not for sure





thanksWhat event occurred in 1973 that dramatically change oil prices?
This should answer your questionWhat event occurred in 1973 that dramatically change oil prices?
Arabs got beaten by Israel (again) and decided to try to punish the rest of the world through oil.
OPEC started reducing the production of oil in order to control the price.
Arabs lost the arab - israeli war. Again.
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Then there was a BIG gas shortage.

scars