noun
oil crisis; oil shock
Refers to the economic crisis caused by a sudden rise in oil prices, especially the 1973 OPEC oil crisis. Often used in historical or economic contexts.
1973年のオイルショックは日本経済に大きな影響を与えた。
The 1973 oil crisis had a major impact on the Japanese economy.
オイルショックをきっかけ
Energy-saving technology advanced in the wake of the oil shock.