The Organization of Petroleum Exporting Countries (OPEC) resolved to use its huge oil supplies as a political and economic weapon.

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OPEC, formed in 1960, was created as a cartel of oil-producing countries to coordinate production levels and stabilize oil prices. In 1973, OPEC initiated an oil embargo against countries that supported Israel in the Yom Kippur War, using its oil supplies as a political and economic weapon. This demonstrated the significant power and influence of the organization.

The Organization of Petroleum Exporting Countries (OPEC) Resolved to Use