London, March 10, 2026 (AFP) - Oil crisis: Is world better placed than in 1973?

NAMPA / AFP

2026-03-10

Ten days after the first American and Israeli strikes against Iran, oil prices have cooled slightly after soaring above $100 a barrel. Even if they risk rocketing once more because of ongoing military action, the situation remains very different compared with the oil shock of 1973. AFP looks at why: - Blockade versus embargo - The current crisis' mechanics differ radically from those of 1973. Back then, the shock was political -- a deliberate e......

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