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The Arab-Israeli War in 1973, known as Yom Kippur War, triggered the ‘1973 oil crisis’. What action did the Arab members of OPEC undertake as part of their strategy?

  1. They raised the price of oil
  2. They proclaimed an embargo on oil exports to the Netherlands
  3. All of these
  4. They proclaimed an embargo on oil exports to the United States

Answer

The correct answer is C) All of these.

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