What was the name of the 1973–1974 global stock-market crash linked to the oil crisis and economic stagnation?

The global decline linked to the oil crisis and economic stagnation is known as the 1973–1974 stock-market crash.

The crash unfolded across major markets from late 1973 through 1974. In the United States, the Dow Jones Industrial Average fell about 45% between its January 1973 peak and its December 1974 low. The period combined falling share prices with high inflation and weak economic growth, a condition often called stagflation.

The 1973 oil crisis intensified the strain after Arab members of OPEC imposed an oil embargo against countries seen as supporting Israel during the Yom Kippur War. Oil prices rose sharply, raising business costs and reducing consumer purchasing power. The crash is sometimes reduced to an “oil shock,” but the market decline also reflected monetary conditions, recession fears, and the broader postwar economic transition.