Three decades ago , the spike Movement.up.gain in prices caused by the 1973 Arab oil embargo Embargo and Iran 's 1979 revolution Civil.unrest sapped Cause.movement.down.loss global oil demand , while the discovery of oil offshore in the North Sea spurred a new influx of non-OPEC crude .

`` The oil embargo Embargo would be one of the biggest mistakes in international politics that Donald Trump would commit , '' Maduro posted on Twitter .

Congress banned Prohibiting most U.S. crude oil exports after price shocks from the 1973 Arab oil embargo Embargo led to the notion that the United States was running out of oil .

Critics have said a US oil embargo Embargo will not help Washington to oust Maduro , but will create more hardship for the Venezuelan people , who are suffering from food and medical shortages Shortage .

Washington warned it may impose an embargo Embargo on imports from Venezuela to add more pressure on Maduro before the presidential elections in the country in April .