Wednesday, November 22, 2023

Thursday, November 22, 1973. Oily shifting sands and tides.

Japan, which had not yet come under the Arab oil embargo, dropped its support for Israel and joined the United Nations in calling for a separate Palestinian state.  In doing so, it was seeking to avoid the oil sanction.


Saudi Arabia warned the US that it would reduce oil production by 80% if the US did not stop supporting Israel, and that the country would destroy its oil wells if attacked.

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