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The Oil Shocks of the ’70s Changed the World. Will the Iran War Do the Same?

Gas lines and quadrupling oil prices freaked out American consumers. But the oil crises also transformed global finance.

Jeff Sommer
Author: Jeff Sommer

Written by

Jeff Sommer

in

Content Type: Service, Embargoes and Sanctions, Energy and Power, International Energy Agency, Oil (Petroleum) and Gasoline, Organization of the Petroleum Exporting Countries, Persian Gulf, Personal Finances, Prasad, Eswar S, Shortages, United States Economy, US and Israeli Attack on Iran (2026), Volcker, Paul A, Yergin, Daniel
←Smaller Is Better in Silicon Valley’s ‘Tiny Team’ Moment
In an Asymmetrical War, Iran Seeks an Edge With Its Information War→

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