Energy Crisis

Dated events

1. Oct. 17, 1973 · Arab oil producers (OAPEC) announce output cuts and embargo over Yom Kippur War
   Arab oil-producing countries stopped selling oil to countries that supported Israel, causing oil prices to quadruple within months. This created severe shortages and long lines at gas stations across America and Europe.
2. Jan. 16, 1979 · Shah leaves Iran as revolutionary strikes keep Iranian oil exports halted
   Political upheaval in Iran halted its oil exports, which supplied about 7% of the world's oil. Prices doubled and energy shortages spread globally, causing inflation and economic slowdown in many countries.
3. Aug. 2, 1990 · Iraq invades Kuwait, disrupting Middle East oil supplies
   Iraq's military takeover of Kuwait removed about 4 million barrels of daily oil from world markets. Oil prices nearly doubled within about three months, affecting economies worldwide and triggering a military response.
4. July 11, 2008 · US oil price hits its all-time intraday high of $147.27 a barrel
   Crude oil briefly hit its highest price ever recorded during trading, driven by rising global demand and supply concerns. Fuel prices reached record levels in many countries, squeezing household and business budgets.
5. Feb. 24, 2022 · Russia invades Ukraine, putting Europe's Russian gas and oil supply at risk
   Russia's military invasion of Ukraine disrupted natural gas and oil supplies to Europe, which depended heavily on Russian energy. Prices for heating and electricity surged across Europe, straining household budgets and businesses.

Assets named in this scenario · 21

BPBP (ADR)Brent oil · Brent Crude Oil FuturesOil · Crude Oil (WTI) FuturesEnel SpAEnergy Select Sector SPDR FundEngieEni S.p.A.E.ONEuro (EUR)IberdrolaNational GridNatural gas · Natural Gas FuturesNaturgyRepsolRWEShellShell (ADR)SSETotalEnergies (ADR)TotalEnergies SE

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