Oil crisis

Oil crisis or oil shock may refer to:

• Abadan Crisis ("Iran Oil Crisis") of 1951–1954 - nationalization, coup, and de-nationalisation in Iran
• 1970s energy crisis
  • 1973 oil crisis, the first worldwide oil crisis, in which prices increased 400%
  • 1979 oil crisis, in which prices increased 100%
• 1990 oil price shock (the "mini oil-shock"), in which prices increased for nine months
• 2000s energy crisis
• 2020 Russia–Saudi Arabia oil price war, in which prices declined more than 50%
• 2022–2023 Russia–European Union gas dispute, in which EU member states sought to rapidly exclude natural gas imports from Russia following Russia's invasion of Ukraine
• Peak oil, a hypothetical time in the future when oil production enters permanent decline

See also[edit]

• Energy crisis

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