GCC - 03 Oil Embargo - MCQs
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Questions and Answers

What event almost allowed Egypt to regain territories occupied by Israel after the 1967 war?

  • The Arab Ministers of Oil Conference
  • The 1973 War (correct)
  • The 1967 War
  • The Oil Embargo

Which country proclaimed Decrees Law no. 18 to reduce oil production by 10% as a result of the oil embargo?

  • Israel
  • Qatar (correct)
  • United States
  • Egypt

What was the main reason behind the Arab countries' decision to impose an oil embargo?

  • In reaction to support for Israel during the 1973 war (correct)
  • To express solidarity with Israel
  • To retaliate against the Netherlands
  • To strengthen their economic relations with the United States

Which country had its oil supply entirely stopped as a result of the embargo?

<p>United States (A)</p> Signup and view all the answers

Where was the decision to implement the oil embargo decided?

<p>Kuwait (A)</p> Signup and view all the answers

What action did Qatar take in response to the oil embargo?

<p>Reduced oil production by 10% (C)</p> Signup and view all the answers

Why did the Arab Heads of State conference decide to use oil as a weapon?

<p>To ensure the withdrawal from occupied Arab lands and secure the national rights of the Palestinian people (B)</p> Signup and view all the answers

How was the reduction in oil production by Arab countries expected to affect Europe?

<p>Result in a decrease of around 15 to 16% in oil supplies (C)</p> Signup and view all the answers

Which of the following best describes how Arab countries classified their oil importers?

<p>According to their stance on the Arab-Israeli conflict (B)</p> Signup and view all the answers

Why were countries like the United Kingdom and France not included in the Arab oil embargo lists?

<p>Because they provided arms assistance to Arab nations (D)</p> Signup and view all the answers

What was the reason behind Britain being exempt from oil embargoes despite its allies facing restrictions?

<p>Arab nations were buying arms from Britain (A)</p> Signup and view all the answers

How did King Faisal bin Abdelaziz justify the Saudi embargo on American and European countries?

<p>He was retaliating against arms sales to Israel (C)</p> Signup and view all the answers

Which country faced an embargo on oil supplies from Arab nations due to its pro-Israeli stance?

<p>Portugal (D)</p> Signup and view all the answers

Why did Saudi Arabia reduce its oil production during this period?

<p>To pressure America to change its pro-Israeli attitude (D)</p> Signup and view all the answers

Which statement is true regarding Arab countries' treatment of 'neutral' oil importers?

<p>Neutral countries received reduced oil supplies (D)</p> Signup and view all the answers

What made Britain fortunate in terms of the Arab embargo on oil imports?

<p>Their exclusion from pro-Israeli countries lists (D)</p> Signup and view all the answers

What warning did Secretary of State Henry Kissinger give to the Arab states in response to the oil embargo?

<p>The U.S. might have to consider military action. (A)</p> Signup and view all the answers

How did the 1973 oil embargo impact businesses in the United States?

<p>Businesses laid off workers and kept prices high. (C)</p> Signup and view all the answers

What effect did the embargo have on consumer confidence in the United States?

<p>Decreased consumer spending and confidence. (C)</p> Signup and view all the answers

What color-coding system did gas stations use during the oil crisis?

<p>Green for available gas, yellow for rationed gas, red for no gas. (D)</p> Signup and view all the answers

Which country played a leading role in the Arab action against the United States during the embargo?

<p>Saudi Arabia (A)</p> Signup and view all the answers

What was President Jimmy Carter's stance on protecting U.S. interests in the Persian Gulf region?

<p>&quot;A threat to vital interests.&quot; (C)</p> Signup and view all the answers

As of today, how dependent is the U.S. on Middle Eastern oil compared to the past?

<p>Less dependent than before. (C)</p> Signup and view all the answers

What happened to Iran and the U.S. relations after the Shah of Iran was overthrown?

<p>&quot;They became sworn rivals.&quot; (D)</p> Signup and view all the answers

Why did businesses struggle with planning during the embargo?

<p>&quot;Fluctuating interest rates.&quot; (A)</p> Signup and view all the answers

What was Saudi Arabia's response to any potential military action by the U.S. during the embargo?

<p>Saudi Arabia threatened to blow up its oil fields. (D)</p> Signup and view all the answers

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