1967 Oil Embargo - Oil Ministers' Conference

Oil Ministers' Conference

During the June 9-18 Oil Ministers' Conference in Baghdad several Arab countries issued a communiqué that two resolutions were unanimously passed:

  1. "Arab oil shall be denied to and shall not be allowed to reach directly or indirectly countries committing aggression or participating in aggression on sovereignty of any Arab state or its territories or its territorial waters, particularly the Gulf of Aqaba"
  2. "The involvement of any country, directly or indirectly in armed aggression against Arab states will make assets of its companies and nationals inside the territories of Arab countries subject to the laws of war. This includes the assets of oil companies."

Invitees included the United Arab Republic, Syria, Kuwait, Libya, Saudi Arabia, Algeria, Bahrain, Abu Dhabi, and Qatar. Iraq sent copies of the Council resolution to the Embassies of Iran and Indonesia, and sought the support of Venezuela.

Read more about this topic:  1967 Oil Embargo

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