In 1973, a sudden oil embargo exposed how vulnerable modern civilization had become to energy disruption. The crisis reshaped global power, transformed economies, and forced governments to confront a ...

PARIS, April 7 (Reuters) - The current oil and ‌gas crisis triggered by the blockade of the Strait of Hormuz is "more serious than the ones in 1973, 1979 and 2022 together", Fatih Birol, the head of ...