The Gulf Could Help Stop the War, If It Wanted To
Remember 1973? Well maybe we should:
It was the beginning of the end of the Yom Kippur War.
Furious that the U.S. was sending emergency supplies to Israel so it could fight Syria and Egypa, the Organization of Arab Petroleum Exporting Countries organized a huge embargo of petroleum to countries that supported Israel, namely the U.S., Western Europe, and Japan.
Result? Oil prices soared, more than doubling, even though the embargo was short-lived. The U.S. underwent extreme oil shortages. The West was in a panic.
And as for the war, it started to end. Western Europe and Japan began switching from pro-Israel to pro-Arab policies. Negotiations to end the war speeded up.
Even better for the Gulfis, the oil prices never went back down, allowing for the wealthy Gulfis we see today.
Why don't the Gulf states repeat the embargo? The U.S. is sending bombs to Israel, just as it did in 1973. But only Iran is threatening an embargo.
Do they really care? The U.S. is continually griping about oil costs, and their media always talks about strife in the Middle East in relation to their gas prices. An embargo would make the Gulf unpopular with the U.S., but it would show it cares more about its Arab neighbors than the powers that are helping destroy them.