An oil embargo is an economical sanction which limits the transport of petroleum to or from an area, in order to exact some desired outcome. One commentator states, "[a]n oil embargo is not a common commercial practice; it is a tool of political blackmail, meant to force those at whom it is aimed, into some action they would otherwise not be willing to take".[1]
Notable examples of international oil embargoes include:
References
- ^ B. A. Bayraktar, Energy Policy Planning (2012), p. 340.
