What caused Arab Opec to stop exports in late 1973?

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The US support for Israel in the 1973 Arab-Israeli War triggered the oil embargo.

In late 1973, Arab OPEC nations ceased oil exports to the United States and other countries that supported Israel's military efforts during the 1973 Arab-Israeli War, also known as the October War. This decision led to a significant surge in oil prices, quadrupling from US$2.90 per barrel to US$11.65 per barrel by January 1974. Although the embargo was lifted in March 1974, the elevated price levels persisted, contributing to a period of economic challenges for industrialised nations throughout the 1970s, characterized by high inflation, unemployment, and slowed economic growth.
Impact on Malaysia's Economy

Malaysia experienced adverse effects from the oil shocks of the 1970s, primarily through increased import costs for food, fuel, and fertilizers. Food import prices rose by over 37 per cent in 1974, contributing to a 41 per cent increase in overall import prices for that year. The nation's economic growth slowed to 3.5 per cent in 1975, a significant decrease from the average annual growth rate of 8.4 per cent recorded between 1971 and 1974.
Establishment of the International Energy Agency

A direct consequence of the 1970s energy crisis was the establishment of the International Energy Agency (IEA). This multilateral organisation was formed to foster long-term cooperation and coordination among OECD members to implement structural changes within the global energy market. The IEA initiative aimed to reduce reliance on oil from OPEC and Arab countries, reshaping geopolitical relationships and reinforcing the economic and political influence of the United States and European nations.
Malaysia's Nationalization of the Petroleum Industry

In response to the oil supply shortages of the 1970s, Malaysia began nationalizing its petroleum industry. The Petroleum Development Act of 1974 led to the corporatization of Petronas, establishing the nation's claim over its natural resources. This move, coupled with the National Petroleum Policy of 1975, positioned Petronas to spearhead the growth of Malaysia's petroleum sector and become a significant contributor to the country's economic development.

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What caused Arab Opec to stop exports in late 1973?

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