Ancient history

Yom Kippur War and the Oil Crisis

As a result of military action carried out on a Jewish religious holiday, the Yom Kippur War resulted in the boycott of oil sales and the beginning of a crisis in capitalism.

By Tales Pinto

Among the many conflicts between Arabs and Israelis is the Yom Kippur War , which lasted about twenty days in the month of October 1973. The name of this war is related to the Jewish holiday of Day of Atonement – Yom Kippur, in Hebrew. Taking advantage of Jewish celebrations and failures in the Israeli army's intelligence system, Egypt and Syria attacked Israel on October 6, 1973.

The main reason for the Yom Kippur War was Israel's annexation of Syrian and Egyptian territories during the Six Day War in July 1967. These territories were the Sinai Peninsula, a part of the Suez Canal, the Gaza Strip, the West Bank and the Golan Heights.

The attack took the Israeli military forces by surprise, as they did not believe in an attack by the Arabs, especially after the overwhelming Israeli victory in the Six Day War

strong> . In addition to the arrogance of the Israeli military, there were flaws in the military intelligence system, mainly due to the fact that the main Israeli informant was Ashraf Marwan, son of former Egyptian president Gamal Abdel Nasser, which would have delayed information about the movements of the Syrian and Egyptian troops.

Egypt's army even penetrated 15 kilometers of Israeli-controlled territory in the Sinai Peninsula. The Israelis suffered heavy casualties in the clashes that took place along the Suez Canal. However, the Israeli counteroffensive stopped the Egyptians and penetrated Syrian territory, reaching the country's capital, Damascus.

The conflict ended about twenty days after it started, mainly due to the intervention of the United States, the UN and the Soviet Union to achieve a ceasefire. The Soviet Union even threatened to enter the conflict in favor of the Syrian ally. Despite the agreement, Israel did not return the territories it had occupied in 1967.

The Yom Kippur War had important consequences. One of them was the boycott of the Arab oil producing countries and members of the Organization of Petroleum Exporting Countries (OPEC ) to the countries that supported Israel. With the restriction of sales, the prices of a barrel of oil rose rapidly, crashing stock markets and contributing to the development of a crisis in capitalism, which became known as the Oil Crisis .

On the other hand, the war gave international visibility to the Palestinian Question , taking to the world information about the hundreds of thousands of Palestinians expelled from their lands. This situation further strengthened the political role of Yasser Arafat and the Organization for the Liberation of Palestine (OLP).

–––––––––––––––

* Image credit:ChameleonsEye and Shutterstock.com


Previous Post
Next Post
  • Relics and battles. The Holy War of Emperor Heraclius

    Now, the Muslim jihad and the Christian crusade They were undoubtedly two maximum exponents of hybridization between religion and war. Interestingly, in the consolidation of the idea of ​​holy war In both spaces of civilization, the figure of an emperor appears, Heraclius, the last Roman sovereign t

  • Belle, the hippopotamus who survived the siege of Leningrad and the war

    In September 1941, German troops surrounded the city of Leningrad (now Saint Petersburg)... the siege began, which lasted until January 1944 . In addition to the symbolism of taking the cradle of the revolution, Hitler considered Leningrad of vital importance for its strategic port and for the facto

  • The alliance between Nazi Germany and China in the 1930s

    It may be surprising that China and Germany They were allied countries during the 1930s, especially considering that the Nazi and Japanese governments had similar ideologies and were part of the same side, the Axis, during World War II. But it is that before that pact, the Germans maintained an inte

  • the nazi treasure

    By Rainer Sousa Exploring the events linked to Nazi Germany, we observe that the regime established by Adolf Hitler had the ability to undertake a series of illegal actions. As he reached political power, he established policies of repression that progressively annihilated all kinds of political o