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Oil embargo
The 1973 embargo on oil exports imposed by Arab members of the Organization of Petroleum Exporting Countries (OPEC) against the United States and the Netherlands.
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The 1973 embargo on oil exports imposed by Arab members of the Organization of Petroleum Exporting Countries (OPEC) against the United States and the Netherlands.
The organization of petroleum exporting countries was established in 1960 by some oil-producing nations to coordinate policies on selling petroleum products.