On This Day

OPEC raises oil prices 24%

In October 1973, 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...

In October 1973, 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, which began after Egypt and Syria launched a large-scale surprise attack in an ultimately unsuccessful attempt to recover the territories that they had lost to Israel during the 1967 Six-Day War.

In an effort that was led by Faisal of Saudi Arabia, the initial countries that OAPEC targeted were Canada, Japan, the Netherlands, the United Kingdom, and the United States.

Events Before

  1. Air India Flight 855 crashes into the Arabian Sea less than two minutes after takeoff, killing all 213 people on board

    Air India Flight 855 was a scheduled passenger flight from Bombay (now Mumbai), India, to Dubai, United Arab Emirates.

  2. TV series "All Creatures Great and Small" debuts on BBC TV, based on the books by James Herriot, starring Robert Hardy a

    TV series "All Creatures Great and Small" debuts on BBC TV, based on the books by James Herriot, starring Robert Hardy and Christopher Timothy

  3. Bee Gees' album "Saturday Night Fever" goes #1; stays on top for 24 weeks

    Bee Gees' album "Saturday Night Fever" goes #1; stays on top for 24 weeks

  4. Sweden becomes the first nation in the world to ban aerosol sprays, due to their harmful effect on the earth's ozone lay

    Sweden becomes the first nation in the world to ban aerosol sprays, due to their harmful effect on the earth's ozone layer

  5. Novelist Danielle Steel (30) divorces Danny Zugelder after almost 3 years of marriage

    Novelist Danielle Steel (30) divorces Danny Zugelder after almost 3 years of marriage

Events After

  1. Chrysler Europe is renamed Talbot

    Chrysler Europe was the American automotive company Chrysler's operations in Europe from 1967 through 1978.

  2. Real Records releases "Pretenders" in the UK, the debut album by The Pretenders

    Pretenders is the debut studio album by British-American band the Pretenders, released in January 1980. A combination of rock and roll, punk and new wave music, it was an immediate success.

  3. Pink Floyd's double album "The Wall" hits #1

    The Wall is the eleventh studio album by the English rock band Pink Floyd, released on 30 November 1979 by Harvest CBS Records. It is the last album to include all four post-Barrett-era band members.

  4. US President Jimmy Carter announces a US boycott of the 1980 Summer Olympics in Moscow after the Soviet invasion of Afgh

    US President Jimmy Carter announces a US boycott of the 1980 Summer Olympics in Moscow after the Soviet invasion of Afghanistan

  5. Cypriot-American model Angie Bowie (30) divorces British singer David Bowie (33) after just under 10 years of marriage

    Cypriot-American model Angie Bowie (30) divorces British singer David Bowie (33) after just under 10 years of marriage

More from the 1970s

Frequently Asked Questions

What happened on June 28, 1979?
In October 1973, 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, which began after Egypt and Syria launched a large-scale surprise attack in an ultimately unsuccessful attempt to recover the territories that they had lost to Israel during the 1967 Six-Day War. In an effort that was led by Faisal of Saudi Arabia, the initial countries that OAPEC targeted were Canada, Japan, the Netherlands, the United Kingdom, and the United States.
Why is OPEC raises oil prices 24% historically important?
In an effort that was led by Faisal of Saudi Arabia, the initial countries that OAPEC targeted were Canada, Japan, the Netherlands, the United Kingdom, and the United States.

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