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ತೈಲ ಬಿಕ್ಕಟ್ಟು
Oil supply disruptions and soaring oil prices that the United States experienced in 1973 and 1979. In 1973, Middle Eastern nations imposed an embargo on oil shipments to punish the West for supporting Israel in that year's Arab Israeli war. A second oil shock occurred when the Iranian Revolution disrupted oil shipments to the western nations.
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