The second oil shock (1979) was the result of a revolution in:
Correct answer: A. Iran
- A. Iran
- B. Saudi Arabia
- C. Iraq
- D. Egypt
Explanation
The second oil shock followed the 1979 Iranian Revolution, which disrupted Iran's oil production and tightened global supply. This disruption contributed to a sharp rise in international oil prices.
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Practise International Political Economy
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