1990 oil price shock and prices began to fall. On August 2, 1990, The Republic of Iraq invaded the State of Kuwait, leading to a 7-month occupation of Kuwait and an eventual U.S.-led military intervention. While Iraq officially claimed Kuwait was stealing its oil via slant drilling, its true motives were more complicated and less clear. At the time of the invasion, Iraq owed Kuwait $14 billion of outstanding debt that Kuwait had loaned it during the 1980–1988 Iran–Iraq War. In addition, Iraq felt Kuwait was overproducing oil, lowering prices and hurting Iraqi oil profits in a time of financial stress. In the buildup
Invasion of Kuwait Iraqi occupation, about 1,000 Kuwaiti civilians were killed and more than 300,000 residents fled the country. In December 2002, Saddam Hussein apologized for the invasion shortly before being deposed in the 2003 invasion of Iraq. Two years later, the Palestinian leadership also apologized for its wartime support of Saddam. In 1990, Yemen's president, Ali Abdullah Saleh, a longtime ally of Saddam Hussein, backed Saddam Hussein's invasion of Kuwait. After Iraq lost the Gulf War, Yemenis were deported en masse from Kuwait by the restored government. The US military continue a strong presence adding 4,000 troops in February 2015 alone. There