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Today, 05:22

What triggered the second oil shock in 1979?

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  1. Today, 06:27
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    A revolution in Iran

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  2. Today, 09:09
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    The 1979 (or second) oil crisis or oil shock occurred in the world due to decreased oil output in the wake of the Iranian Revolution ... The price of crude oil more than doubled to $39.50 per barrel over the next 12 months, and long lines once again appeared at gas stations, as they had in the 1973 oil crisis.
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