Embargo

EMBArgo: An eMBArgo is a governmental order that restricts or prohibits trade with a specific country or the exchange of specific goods. It is often used as a political tool to influence the actions of a nation by limiting its economic activities.

Examples:

• The United States imposed an eMBArgo on Cuba in 1960, restricting trade and travel between the two nations.
• The United Nations placed an arms eMBArgo on North Korea in response to its nuclear weapons program, prohibiting the sale of military equipment to the country.

Cases:

• In 1973, an oil eMBArgo by OPEC led to significant increases in oil prices and economic turmoil in the West.
• The U.S. imposed sanctions and an eMBArgo on Iran over its nuclear program, affecting the import and export of various goods.