On Nov. 29, 1973, CBS News aired a special report titled "Making It Through This Winter," spotlighting the ways Americans ...

LONDON, United Kingdom — Ten days after the first American and Israeli strikes against Iran, oil prices have cooled slightly after soaring above $100 a barrel. Even if they risk rocketing once more ...

The smartest approach, both in 1973 and now, is to think long-term. "History doesn't repeat itself, but it often rhymes." ...

It’s still early in the current war in the Middle East, but the impact on oil markets may feel like déjà vu for those who remember the oil embargo of the 1970s.

Israel and America bombed Iran for 'so many reasons'. The Strait of Hormuz shut down, almost. Thirty-one percent of global ...

Governments have stockpiled oil, and cars are more efficient but the supply shock is global, and there’s no sense of when it’ll end.

Brent crude hit an intraday high of nearly $120 per barrel on March 9, its highest level since 2022. The next day it crashed to $82 before ending the week at $103. Such violent swings – $38 in just ...

Traffic through the Strait of Hormuz has fallen dramatically after US-Israeli strikes on Iran. This has raised fears of a global energy disruption not seen since the 1973 oil crisis, also linked to ...

In the 1973 Oil Crisis, oil prices tripled. But, they never went back down, and instead headed higher afterwards. This was ...

As energy prices tripled in the 1970s due to Middle Eastern wars, Scandinavia, France and the Netherlands sped up green transition ...

Just a year ago, probably nobody in the world would have believed that a military or crisis in Middle-East could have such a cataclysmic impact on the global economy. Of course, understandably, even ...