• The areas controlled by Abd-al-Aziz are unified and become the Kingdom of Saudi Arabia.  

  • Oil is discovered in Saudi Arabia and production begins under the United States-controlled Aramco (Arabian American Oil Company).

  • Saudi Arabia becomes a founding member of OPEC (Organization of Petroleum Exporting Countries).

  • Saudi Arabia leads an oil boycott against Western countries that supported Israel in the October War against Egypt and Syria.  Oil prices quadruple as a result.   

  • Saudi Arabia takes full control of Aramco from the United States.
  • Saudi Arabia becomes a founding member of the Gulf Cooperation Council.
  • The World Trade Organization grants member status to Saudi Arabia after 12 years of talks.  

  • Saudi Arabia purchases $60 billion of weapons from the United States.


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