Breaking News
Home / Finance / Saudi Arabia’s "Mini Oil Embargo" May Backfire

Saudi Arabia’s "Mini Oil Embargo" May Backfire

On October 20, 1973, Saudi King Faisal announced KSA was joining in an oil embargo against the United States and Europe in favor of the Arab position in the Yom Kippur War. In an interview with international media, King Faisal said: “America’s complete Israeli support against the Arabs makes it extremely difficult … Read entire story.

Source: The Crude Oil Trader

Check Also

Heavy rain leaves scores dead in Nepal, India, Bangladesh

Flooding and landslides triggered by heavy rainfall have killed at least 50 people in Nepal in the past few days, with more deaths reported across the border in India and Bangladesh, officials said Sunday. At least 30 other people were missing in Nepal, either swept away by swollen rivers or buried by ...