Embargo on Oil: The Weapon of Organization of Islamic Cooperation (OIC) against Israel and its Allies amid Israeli Attack in Gaza
https://www.rozen-bakher.com/timeline-risks/16/02/2024/1850
Published Date: 16 February 2024 at 18:50
Risks Timeline by Dr. Ziva Rozen-Bakher
Comments on Contemporary Risks by Dr. Ziva Rozen-Bakher
Risks Timeline by Dr. Ziva Rozen-Bakher: https://www.rozen-bakher.com/timeline-risks-all
Dr. Ziva Rozen-Bakher
A Researcher in International Relations/International Business with a speciality in Risks for Foreign Direct Investment (FDI), International Trade, and Mergers and Acquisitions (M&As) in relation to Security Risks, Political Risks, Economic Risks, and Strategic Risks
16 February 2024 at 18:50. On 11 November 2023, the joint extraordinary Summit of the Arab League and OIC that was held in Riyadh failed to impose an Embargo on Oil against Israel and its allies amid the Israeli Attack in Gaza, because 4 members of the Arab League including Saudi Arabia opposed it. However, since then, the death toll in Gaza has reached an unprecedented number even before the last move of Israel in Rafha, so Iran and Saudi Arabia are pushing now together for an additional Emergency Summit of OIC. Hence, if in the last emergency summit on 11/2023, Saudi Arabia opposed the Embargo on Oil and additional harsh moves against Israel including against USA that provided weapons to Israel, then now, my prediction is that Saudi Arabia will agree to 'punish' Israel and USA, which may even include an embargo on Oil as done in 1973 following Yom-Kippor War. An embargo on Oil is a strong ‘Economic Weapon’, so Israel and USA should be ready for it, sooner than later, if the war drags on. Nevertheless, I won’t be surprised if the next counter-move against Israel by OIC and even by the Arab League will be a suspension of diplomatic relations and Peace Treaties with Israel. The Hamas-Israel war reached a ‘point of no return'.
Risks Timeline by Dr. Ziva Rozen-Bakher, 12 February 2024, Egypt-Israel Peace Treaty is Not For Long Under Rafah Bombarding by Israel https://www.rozen-bakher.com/timeline-risks/12/02/2024/0323
Monitoring Alliances by Dr. Ziva Rozen-Bakher, Arab League https://www.rozen-bakher.com/alliances/arableague
Monitoring Alliances by Dr. Ziva Rozen-Bakher, OIC - Organisation of Islamic Cooperation https://www.rozen-bakher.com/alliances/oic
Monitoring Alliances by Dr. Ziva Rozen-Bakher, OPEC https://www.rozen-bakher.com/alliances/opec
