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On This Day: Arab states lift U.S. oil embargo

On March 17, 1974, the oil-producing Arab countries agreed to lift a five-month embargo on petroleum sales to the United States.

By UPI Staff
On March 17, 1974, the oil-producing Arab countries agreed to lift a five-month embargo on petroleum sales to the United States. File Photo by Warren K. Leffler/U.S. Library of Congress
1 of 7 | On March 17, 1974, the oil-producing Arab countries agreed to lift a five-month embargo on petroleum sales to the United States. File Photo by Warren K. Leffler/U.S. Library of Congress

March 17 (UPI) -- On this date in history:

In 1762, New York City staged its first parade honoring the Roman Catholic feast day of St. Patrick, the patron saint of Ireland. It was led by Irish soldiers serving in the British army. In 2002, President George W. Bush became the first sitting U.S. president to take part in the event, more than six months after the Sept. 11, 2001, terror attacks on the city.

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In 1776, the Continental Army under Gen. George Washington forced British troops to evacuate Boston.

In 1901, 71 paintings by the late Dutch painter Vincent van Gogh were shown at the Bernheim-Jeune gallery in Paris and caused a sensation across the art world.

File Photo by Bill Greenblatt/UPI

In 1917, Russia appeared headed toward a republic following the end of the 300-year-old rule of the Romanoff family.

In 1958, the U.S. Navy launched the satellite Vanguard 1 into orbit around Earth.

In 1959, the Dalai Lama fled Tibet for India.

File Photo by John Eggitt/UPI
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In 1969, Golda Meir, a 70-year-old former Milwaukee schoolteacher, was elected first female prime minister of Israel.

In 1974, the oil-producing Arab countries agreed to lift a five-month embargo on petroleum sales to the United States. The embargo, during which gasoline prices soared 300%, was in retaliation for U.S. support of Israel during the October 1973 Middle East War.

In 1990, Lithuania rejected the Soviet Union's ultimatum to renounce its declaration of independence a week prior. The Soviets implemented sanctions against Lithuania and conducted a military operation in 1991 before other Soviet republics eventually declared their independence.

In 1992, South African Whites, by a margin of 68.7% to 31.2%, voted to end minority rule. Nelson Mandela was elected two years later as the first president in a fully representative democratic election.

In 2003, as war with Iraq seemed a certainty, U.S. President George W. Bush gave Iraqi President Saddam Hussein and his sons 48 hours to leave the country. The ultimatum was rejected.

In 2020, the French Open, Euro 2020, Copa America 2020 and Kentucky Derby were postponed amid the spread of COVID-19 as the global case count reached 200,000 and death toll neared 8,000.

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File Photo by Ian Langsdon/EPA-EFE

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