Iraq–Kuwait relations occupied El-Samitah near the Kuwaiti border, which evoked an international crisis. The Iraqi forces eventually withdrew under Saudi pressure. In 1990, Iraq accused Kuwait of stealing Iraqi oil through slant drilling, however some Iraqi sources indicated Saddam Hussein's decision to attack Kuwait was made only a few months before the actual invasion. There were several reasons for the Iraq move, including Iraq's inability to pay more than $80 billion that had been borrowed to finance the war with Iran and also Kuwaiti overproduction of oil which kept oil revenues down for Iraq. The invasion started on 2 August 1990, and
Kuwait the stock market crash. In 1990, Kuwait was invaded, and later annexed, by Saddam's Iraq. The Iraqi occupation of Kuwait came to an end in 1991 after military intervention by a military coalition led by the United States. Kuwait is a major non-NATO ally of the United States. It is also a major ally of ASEAN, while maintaining a strong relationship with China. Kuwait is a constitutional sovereign state with a semi-democratic political system. Kuwait has a high-income economy backed by the world's sixth largest oil reserves. The Kuwaiti dinar is the highest valued currency in the world. According to