In the early 1970s, the world economy faced significant uncertainty after the collapse of the Bretton Woods System, which had previously provided monetary stability and reliable trade. As currency values started to vary and economic trust diminished, tensions rose even more with the arrival of the 1973 Oil Crisis, caused by key oil-producing countries limiting supply. The ensuing spike in oil prices triggered significant repercussions throughout developed and developing nations, unsettling industries, escalating inflation, and revealing glaring disparities in energy resource access. Countries are under escalating pressure to ensure their economic survival while managing a more unstable global environment. *The committee will work with a freeze date of October 20, 1973*, during the peak of the crisis, necessitating that delegates react to emerging events instantaneously and decide if collaboration or rivalry will characterize the global reaction