1979 oil crisis
id:
1979-oil-crisis-161-45026
title:
1979 oil crisis
text:
A drop in oil production in the wake of the Iranian Revolution led to an energy crisis in 1979. Although the global oil supply only decreased by approximately four percent, the oil markets' reaction raised the price of crude oil drastically over the next 12 months, more than doubling it to $39.50 per barrel ($248/m). The sudden increase in price was connected with fuel shortages similar to the 1973 oil crisis. In 1980, following the onset of the Iran–Iraq War, oil production in Iran fell drasti
brand slug:
wiki
category slug:
encyclopedia
description:
Worldwide increase in crude oil prices following the Iranian Revolution
original url:
https://en.wikipedia.org/wiki/1979_oil_crisis
date created:
2003-07-10T22:52:33Z
date modified:
2024-08-27T06:45:53Z
main entity:
{"identifier":"Q1925730","url":"https://www.wikidata.org/entity/Q1925730"}
image:
{"content_url":"https://upload.wikimedia.org/wikipedia/commons/7/79/Top_Oil_Producing_Countries.png","width":681,"height":741}
fields total:
13
integrity:
16