In 1973,Arab members of OPEC halted shipments to the US and other nations that supported Israel during the Yom Kippur War.
‘That led to a three-day work week,lost jobs,and shut industries,’ Dr Johnson told Metro.
Working people are the ones hit hardest, with household bills set to rise sharply if the price of crude oil does not go down soon.
When the next quarterly energy price cap goes into effect in July,the increase in household bills could affect it greatly.
In addition to household prices increasing,transport and food costs could also go up.
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