Oil as a diplomatic and economic weapon

In October 1973 a fourth Arab-Israeli war was fought, better known as the Yom Kippur War. It was a coordinated attempt of Egypt and Syria to regain what was lost to Israel in the so-called Six-Day War of 1967, but the Israelis once again proved dominant on the battlefield. However, unlike previous confrontations, during this clash, the Arab states finally employed their probably most far-reaching asset – “the oil weapon”, shocking the entire world more than anyone previously expected.