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Oil embargo

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An oil embargo is an economical sanction which limits the transport of petroleum to or from an area, in order to exact some desired outcome. One commentator states, "[a]n oil embargo is not a common commercial practice; it is a tool of political blackmail, meant to force those at whom it is aimed, into some action they would otherwise not be willing to take". [1]

Notable examples of international oil embargoes include:

References

  1. B. A. Bayraktar, Energy Policy Planning (2012), p. 340.
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