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Sep 14, 2020, 11:49 am83 ptsEcoWatch
By Ashutosh Pandey In 1973, a handful of oil-rich countries, led by Saudi Arabia, Iran and Iraq, brought the mighty U.S. economy to its knees by slapping an oil embargo on Washington and its allies. The suspension of oil shipments from the Middle East to the U.S. and steep production cuts in retaliation for the…
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