The first big oil crisis was in the 1970s when the OPEC export embargo was followed by stagflation.

第一次大的石油危机发生于1970年代，当时OPEC的出口禁运与滞涨不期而遇。

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During the Suez Canal crisis, the Vietnam War and again during the 1970s oil embargo, courts held that commodities brokers could not bail out of futures contracts.

FORBES: Collateral Damage