The Arab oil embargo of 1973 was a global economic turning point, said Princeton historian Meg Jacobs. 2026 could be too.
We break down price caps — and the economic theory versus reality of how they actually work.
It’s still early in the current war in the Middle East, but the impact on oil markets may feel like déjà vu for those who remember the oil embargo of the 1970s.
The neighborhood’s decline in the early 1970s had roots in a scandal surrounding a federal program meant to boost home ownership.
An exhibit at New York City’s Fofografiska museum spotlights how poverty and inequality in the 1970s helped create the genre.
Now we associate it with environmentalism, but in the medieval period, it was seen as an "unnatural" shade.
