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.

Early report Major update Updated Mar 24, 2026, 11:22 AM UTC

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

First seen Mar 24, 2026, 11:22 AM UTC Latest source Mar 24, 2026, 11:22 AM UTC

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AlJazeera •published Mar 24, 2026, 11:22 AM UTC •fetched Mar 24, 2026, 11:58 AM UTC