A New Global Oil Crisis? Comparing the Energy Turmoil of Today with the Oil Crises of 1973 and 1979
Introduction The global oil market is once again experiencing severe turbulence, reviving memories of the historic oil shocks of 1973 and 1979. In 2026, geopolitical tensions in the Middle East and disruptions to key shipping routes have triggered the largest supply disturbance in modern oil markets, removing millions of barrels of crude oil from global … Read more