noun
second oil crisis (1979)
Historical term referring to the global oil crisis triggered by the Iranian Revolution in 1979.
See also: オイルショック
第二次オイルショックは1979年に発生した。
The second oil crisis occurred in 1979.
日本経済は第二次オイルショックの影響を大きく受けた。
The Japanese economy was greatly affected by the second oil crisis.
Refers to the oil crisis in general or specifically the first oil crisis (1973); 第二次オイルショック specifies the second one in 1979.
Compound of 第二次 (second) and オイルショック (oil shock/oil crisis), a direct calque from English 'second oil shock'.