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In 1973 King Faisal bin Abdulaziz Al Saud of Saudi Arabia enacted an oil embargo against countries which had supported Israel during the Yom Kippur War. Prior to this, 83% of American oil was imported from the Middle Eastern and Western nations enjoyed low oil prices and affluence. While Egypt, Syria and Israel were engaged in war, King Faisal withdrew Saudi oil from global markets in protest of Western nations supporting Israel. This sent America into a recession and impacted global economies,
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