オイルショック

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年ねんのオイルショックは日本にほん経けい済ざいに大おおきな影えい響きょうを与あたえた。

  The 1973 oil crisis had a major impact on the Japanese economy.

• オイルショックをきっかけに省しょうエネ技ぎ術じゅつが進すすんだ。

  Energy-saving technology advanced in the wake of the oil shock.