On this day: March 18

Published On: Mar 13 2013 12:41:58 AM CDT   Updated On: Mar 18 2014 01:00:00 AM CDT

Britain repeals the Stamp Act, Lord Stanley announces plans for a hockey cup, a cosmonaut goes for the first space walk, and OPEC ends its oil embargo against the United States, all on this day.

OTD March 18 - OPEC embargo
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National Archives and Records Administration

1974: Most OPEC nations end a five-month oil embargo against the United States, Europe and Japan. The embargo, which stemmed from Western support of Israel when Egypt and Syria attacked the nation on Oct. 6, 1973, led to government price controls and gas rationing in the U.S., commonly resulting in long lines at gas stations.

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