Thursday, April 16, 2026
New York TimesUS and Israeli Attack on Iran (2026)

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.

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Jeff Sommer
Newsroom · hace 18 días
2 min read
Gas lines and quadrupling oil prices freaked out American consumers. But the oil crises also transformed global finance.

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