Iraq's Invasion Of Kuwait
By 1990, Iraq had spent eight years at war with Iran and was £50
billion in debt.
Explaining why Iraq invaded Kuwait, Tariq Aziz, the Iraqi foreign
minister said: "The leadership was focusing domestically on rebuilding
the country, those cities and towns that had been destroyed during the
war… improving the standard of living for people in Iraq."
Iraq may have invaded Kuwait because of the oil policy pursued by
Kuwait. Kuwait was deliberately producing oil far beyond its OPEC
quota. This brought down the price of oil per barrel into the low $
teens. Iraq needed the price of oil to stay high per barrel because it
was vital to its recovery after the war it had just had with Iran.
Iraq tried to reverse this policy with the help of Saudi Arabia and
Egypt but to no avail. Each one-dollar drop in the price of oil cost
the Iraqi nation one billion dollars. So Iraq could claim that Kuwait
was waging an economic war upon Iraq. Iraq saw their invasion of
Kuwait as......
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