Question

How were the countries affcted by king hobu,s threat

Answer 1

In the interview that appeared ahead of a seminar on King Faisal, Prince Turki, son of the former Saudi king, shed light on important events that took place during his father’s rule.

Prince Turki, who was an adviser at the Royal Court in 1973 when King Faisal took the oil embargo decision, said the king was not shaken by the US threat and stood firm.

He added that the embargo was instrumental in encouraging the US to find a quick and just solution to the Arab-Israeli conflict. “King Faisal and other Arab leaders were forced to take the decision as a result of America’s unprecedented support for Israel during the (1973 Arab-Israel) war,” the prince said. The embargo resulted in almost quadrupling of the world oil prices in what is termed the ‘first oil shock.’