The 1973 oil crisis was a significant event that began in October when members of the Organization of the Petroleum Exporting Countries (OPEC) proclaimed an oil embargo. This decision was largely in response to the Yom Kippur War, during which OPEC nations sought to leverage oil prices against countries supporting Israel. As a result, oil prices quadrupled, leading to fuel shortages and long lines at gas stations in many countries. The crisis had a profound impact on the global economy, causing inflation and recession in several nations, particularly in the United States. Governments implemented measures to conserve energy, and the crisis highlighted the world's dependence on oil, prompting a push for alternative energy sources and greater energy efficiency.