Oil embargo

An oil embargo is an economic situation wherein entities who control the supply of oil to an area engage in an embargo to prevent oil from being transported to that area in order to exact some desired outcome. One commentator states, "[a]n oil embargo is not a common commercial practice; it is a tool of political blackmail, meant to force those at whom it is aimed, into some action they would otherwise not be willing to take".^[1]

Notable examples of oil embargoes include:

• The 1967 Oil Embargo
• The 1973 oil crisis
• The 1979 energy crisis
• Oil embargo (Sino-Japanese War), an oil embargo placed on Japan by China, the United States, Britain, and the Dutch during the Second Sino-Japanese War preceding World War II

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