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How does the current global oil crisis compare with the 1973 oil embargo?

The 1973 oil embargo removed 4.5 million barrels per day from global supply. Today, that figure stands at 20 million.

1 report1 sourceMar 24, 2026, 11:22 AM
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Al JazeeraMar 24, 2026, 11:22 AM

How does the current global oil crisis compare with the 1973 oil embargo?

The 1973 oil embargo removed 4.5 million barrels per day from global supply. Today, that figure stands at 20 million.

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