World War II: In response to the Japanese occupation of French Indochina, the United States, Britain and the Netherlands freeze all Japanese assets and cut off oil shipments.

French Indochina, officially known as the Indochinese Union and after 1941 as the Indochinese Federation, was a group of French dependent territories in Southeast Asia from 1887 to 1954. It was initially a federation of French colonies (1887–1949), later a confederation of French associated states (1949–1954). It comprised Cambodia, Laos, Guangzhouwan (1898–1945), Cochinchina, and Vietnamese regions of Tonkin and Annam. It was established in 1887 and was dissolved in 1954. In 1949, Vietnam was reunited and it regained Cochinchina. Its capitals were Hanoi (1902–1945) and Saigon.