Financial Warfare

The Evolution of Economic Warfare and the Oil Weapon

To understand why financial warfare and the oil weapon is so common, you must understand how it came into existence and what it has achieved. The oil weapon first came into existence in 1965, when Egypt nationalized the Suez Canal. What resulted from this was a declaration of war by France, England, and Israel. As a way to counter this invasion, Saudi Arabia decided to ban exports to England and France. Although this embargo turned out to have minimal economic impact, it was a beginning.

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