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How the oil crises of 1973 and today differ

How the oil crises of 1973 and today differ newspress_en Wed, 09/30/2026 - 04:38 Business & Economy More than half a century ago, a decision to reduce oil production and suspend exports was enough to…

  • 1973 oil prices quadrupled within two years, while 2026 prices surged 74% and then softened
  • Gulf producers can reroute oil flows, unlike 1973 when supply was cut off

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