As the IDF enter Beirut is worth remembering the 1970s when oil spiked in 2 waves. The second after the
Yom Kippur war,,
Analyses differ on the military outcome of the war as an Israeli victory by some military historians,[441] an Egyptian victory by other historians,[442] and by others, as a military stalemate.[452]
1973 oil crisis Following the war, the Organization of Arab Petroleum Exporting Countries (OAPEC) announced that it was implementing a total oil embargo against countries that had supported Israel at any point during the 1973 Yom Kippur War, leading to the 1973 oil crisis.
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