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1973 Arab Oil Embargo

OAPEC oil supply ban that quadrupled prices in 1973; the benchmark for any major wartime energy shock.

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#45 22 Mar

Cited as Oxford Economics assessed $140/barrel Brent triggering recession

Iran Conflict 2026: $140 Brent tips world into recession
#40 16 Mar

Referenced as US diesel topped $5/gallon — up 34% since 28 February

Iran Conflict 2026: US diesel tops $5 a gallon, up 34%
#5 16 Mar
#35 14 Mar

Referenced as Brent closed above $100 for a second consecutive day

Iran Conflict 2026: Brent holds above $103 for second day
#33 11 Mar

Invoked as IEA declared the Iran war the largest supply disruption

Iran Conflict 2026: IEA: largest oil disruption in history
#32 10 Mar

Surpassed by IEA's record 400-million-barrel strategic reserve release

Iran Conflict 2026: Record oil reserve release fails fast