On October 17 the Arab oil producers …
Years: 1973 - 1973
On October 17 the Arab oil producers announce a program of reprisals against the Western backers of Israel: a five percent cutback in output, followed by further such reductions every month until Israel has withdrawn from all the occupied territories and the rights of the Palestinians have been restored.
The next day, President Nixon formally asks Congress for US$2.2 billion in emergency funds to finance the massive airlift of arms to Israel that is already under way.
The following day, King Faisal of Saudi Arabia decrees an immediate ten percent cutback in Saudi oil and, five days after that, the complete suspension of all shipments to the United States.
The next day, President Nixon formally asks Congress for US$2.2 billion in emergency funds to finance the massive airlift of arms to Israel that is already under way.
The following day, King Faisal of Saudi Arabia decrees an immediate ten percent cutback in Saudi oil and, five days after that, the complete suspension of all shipments to the United States.
Locations
People
Groups
- United States of America (US, USA) (Washington DC)
- Union of Soviet Socialist Republics (USSR), or Soviet Union
- Saudi Arabia, Kingdom of
- Syria, or Syrian Arab Republic
- Israel
- West Bank
- Gaza Strip
- Palestinians
- OPEC (Organization of the Petroleum Exporting Countries)
- Egypt, Arab Republic of
Topics
- Cold War
- Yom Kippur War, or Arab-Israeli War of 1973 (also “October War,” or War of the Ramadan)
- 1973 oil crisis
