1974 oil raised to all time hight $51.13
Yom Kippur War 1973:
also called the October War, the Ramadan War, or the Fourth Arab-Israeli War, damaging, inconclusive war and the fourth of the Arab-Israeli wars. The war was initiated by Egypt and Syria on Oct. 6, 1973, on the Jewish holy day of Yom Kippur and during Ramadan, the month of fasting in Islam, and continued until Oct. 26, 1973. The war, which eventually drew both the United States and the Soviet Union into indirect confrontation in defense of their respective allies, was launched with the diplomatic aim of convincing a chastened—if still undefeated—Israel to negotiate on terms more favorable to the Arab countries.
1980 oil prices raised to in all time high $115.68 stayed above $60 till 1985
The Iran–Iraq War 1980 was an armed conflict between Iran and Iraq lasting from 22 September 1980, when Iraq invaded Iran, to August 1988. The war followed a long history of border disputes, and was motivated by fears that the Iranian Revolution in 1979 would inspire insurgency among Iraq's long-suppressed Shi'i majority, as well as Iraq's desire to replace Iran as the dominant Persian Gulf state.
The 1982 Lebanon War, called Operation Peace for Galilee by the Arabs, began on 6 June 1982, when the Israel Defense Forces invaded southern Lebanon
1990 oil prices raised a 10 year high back to $63.95
The Gulf War (2 August 1990 – 28 February 1991), codenamed Operation Desert Shield (2 August 1990 – 17 January 1991) for operations leading to the buildup of troops and defense of Saudi Arabia and Operation Desert Storm (17 January 1991 – 28 February 1991) in its combat phase, was a war waged by coalition forces from 34 nations led by the United States against Iraq in response to Iraq's invasion and annexation of Kuwait
2004 to 2008 raised a 10 year high and all times high $63.09 to $142.12
The Iraq War was a protracted armed conflict that began with the 2003 invasion of Iraq by a United States-led coalition, which toppled the government of Saddam Hussein. The conflict continued for much of the next decade as an insurgency emerged to oppose the occupying forces and the post-invasion Iraqi government.An estimated 151,000 to 600,000 or more Iraqis were killed in the first 3–4 years of conflict. The United States officially withdrew from the country in 2011 but leaving private security contractors in its place to continue the war It again became re-involved in 2014 at the head of a new coalition; the insurgency and many dimensions of the civil armed conflict continue
