On October 17 the Arab oil producers…

1973 CE

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backers of Israel: a five percent cutback in output, followed by further such reductions every month until Israel has withdrawn from all the occupied territories and the rights of the Palestinians have been restored.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.

Locations
Cairo > Al-Qahirah Al-Qahirah Egypt View →

People
Anwar Sadat View → Faisal of Saudi Arabia View → Richard Nixon View →

Groups
United States of America (US, USA) (Washington DC) View → Union of Soviet Socialist Republics (USSR), or Soviet Union View → Saudi Arabia, Kingdom of View → Syria, or Syrian Arab Republic View → Israel View → West Bank View → Gaza Strip View → Palestinians View → OPEC (Organization of the Petroleum Exporting Countries) View → Egypt, Arab Republic of View →

Topics
Cold War View → Yom Kippur War, or Arab-Israeli War of 1973 (also “October War,” or War of the Ramadan) View → 1973 oil crisis View →

Commodities
Weapons View → Fuels, lubricants and sealants View → Land View →

Subjects
Commerce View → Conflict View → Government View → Custom and Law View → political movement View →

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People: James Henry Leigh Hunt
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