An embargo on the export of oil; specifically an embargo on the export of oil to the United States declared by some members of the Organization of Petroleum-Exporting Countries in 1973.
Origin
Early 20th century; earliest use found in The New York Times.
Definition of oil embargo in US English:
oil embargo
noun
An embargo on the export of oil; specifically an embargo on the export of oil to the United States declared by some members of the Organization of Petroleum-Exporting Countries in 1973.
Origin
Early 20th century; earliest use found in The New York Times.