1970s energy crisis
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The 1970s energy crisis occurred when the Western world, particularly the United States, Canada, Western Europe, Australia, and New Zealand, experienced substantial petroleum shortages as well as elev
Cars line up for gas during the 1979 Oil Crisis
In the parlance of recession shapes, the Recession of 1973–75 in the United States could be considered a U-shaped recession, because of its prolonged period of weak growth and contraction. Percent change from preceding period in real gross domestic product (annualized; seasonally adjusted) Average GDP growth 1947–2009 Source: Bureau of Economic Analysis
2026 Iran war fuel crisis
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The 2026 Iran war fuel crisis is a worldwide fuel crisis caused by the war between Iran and the U.S.-Israel coalition. The closure of the Strait of Hormuz, through which around 20% of the world's oil
A queue of motorcyclists at a PV Oil petrol station in Hanoi, Vietnam on 10 March 2026
Gas prices in Sonoma, California April 7 2026
A long queue of vehicles waiting for refueling in Dhaka, Bangladesh
Transport groups protesting in Manila, demanding the removal of VAT and excises, and the repeal of the oil deregulation law