Answer:
The embargo shocked the oil market and created a shortage in supply. The embargoed nations were able to get oil companies to sell them oil from other sources however, the mass confusion resulting from the normal supply translated into a sharp rise in prices.
Explanation:
The embargo shocked the oil market and created a shortage in supply. The embargoed nations were able to get oil companies to sell them oil from other sources however, the mass confusion resulting from the normal supply translated into a sharp rise in prices.