Persian Gulf War Definition

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Iraq also accused Kuwait of exceeding its OPEC quotas for oil production. In order for the cartel to maintain its desired price of $18 per barrel, discipline was required. The United Arab Emirates and Kuwait were consistently overproducing; the latter at least in part to repair losses caused by Iranian attacks in the Iran–Iraq War and to pay for the losses of an economic scandal. The result was a slump in the oil price – as low as $10 per barrel ($63/m3) – with a resulting loss of $7 billion a year to Iraq, equal to its 1989 balance of payments deficit. Resulting revenues struggled to support the government's basic costs, let alone repair Iraq's damaged infrastructure. Jordan and Iraq both looked for more discipline, with little success. The Iraqi government described it as a form of economic warfare, which it claimed was aggravated by Kuwait slant-drilling across the border into Iraq's Rumaila oil field. At the same time, Saddam looked for closer ties with those Arab states that had supported Iraq in the war. This move was supported by the US, who believed that Iraqi ties with pro-Western Gulf states would help bring and maintain Iraq inside the US' sphere of influence.

Persian Gulf War | Definition, Combatants, & Facts ...
Persian Gulf War | Definition, Combatants, & Facts ...
Persian Gulf War | Definition, Summary, History, Dates ...
Persian Gulf War | Definition, Summary, History, Dates ...
Persian Gulf War | Definition, Summary, History, Dates ...
Persian Gulf War | Definition, Summary, History, Dates ...
PPT - Contemporary Issues PowerPoint Presentation - ID:6213407
PPT - Contemporary Issues PowerPoint Presentation - ID:6213407
Persian Gulf War | Definition, Combatants, & Facts ...
Persian Gulf War | Definition, Combatants, & Facts ...
Persian Gulf War | Definition, Combatants, & Facts ...
Persian Gulf War | Definition, Combatants, & Facts ...
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Persian Gulf War | Definition, Combatants, & Facts ...
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Persian Gulf War | Definition, Combatants, & Facts ...
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Persian Gulf War | Definition, Combatants, & Facts ...
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Persian Gulf War | Definition, Combatants, & Facts ...
Persian Gulf War | Definition, Combatants, & Facts ...
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Persian Gulf War definition, Persian Gulf War summary ...
Persian Gulf War | Definition, Combatants, & Facts ...
Persian Gulf War | Definition, Combatants, & Facts ...
Persian Gulf War definition, Persian Gulf War summary ...
Persian Gulf War definition, Persian Gulf War summary ...
Persian Gulf War | Definition, Combatants, & Facts ...
Persian Gulf War | Definition, Combatants, & Facts ...
Persian Gulf War | Definition, Combatants, & Facts ...
Persian Gulf War | Definition, Combatants, & Facts ...
Persian Gulf War | Definition, Combatants, & Facts ...
Persian Gulf War | Definition, Combatants, & Facts ...
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Definition of collateral damage: Euphemism used by the US ...
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Persian Gulf War | Definition, Combatants, & Facts ...
Persian Gulf War | Definition, Combatants, & Facts ...
Persian Gulf War | Definition, Combatants, & Facts ...
Persian Gulf War | Definition, Combatants, & Facts ...
Persian Gulf War | Definition, Combatants, & Facts ...
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