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, 3 tweets, 2 min read Read on Twitter
Oil prices spiked by 400% in 1973 when Arab members of OPEC proclaimed an oil embargo on nations that were helping Israel during the Yom Kippur War. This was the first event since the Great Depression to have a persistent economic effect & was also a cause of the 1980 oil spike.
Arab members of OPEC proclaimed the embargo was "in response to the U.S. decision to re-supply the Israeli military."

President Nixon's decision to re-supply Israel cost Americans billions of dollars. Why did he do it? Because Israel threatened to use their nukes if he didn't.
Yet, the US constantly blocks Arab states from putting Israel’s nuclear arsenal on the IAEA’s agenda, allowing Israel to illegally maintain a nuclear arsenal.

And we call this country that blackmailed us and drove up oil prices "Our Greatest Ally."
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