On October 6, 1973, Egypt and Syria launched a surprise attack on Israel, marking the beginning of the Yom Kippur War, the fourth of the Arab-Israeli wars. The West’s support for Israel in this war led to the revenge oil embargo imposed by the Arab-controlled Organisation of the Petroleum Exporting Countries (OPEC) which triggered the global oil crisis; oil prices quadrupled, a global recession ensued, and mass inflation and unemployment followed.
Already a subscriber? Log in
Subscribe for just $2 a week
Try a month of The Spectator Australia absolutely free and without commitment. Not only that but – if you choose to continue – you’ll pay just $2 a week for your first year.
- Unlimited access to spectator.com.au and app
- The weekly edition on the Spectator Australia app
- Spectator podcasts and newsletters
- Full access to spectator.co.uk
Or
Comments
Don't miss out
Join the conversation with other Spectator Australia readers. Subscribe to leave a comment.
SUBSCRIBEAlready a subscriber? Log in