20th-century history of Iraq interest in border disputes between Iraq and Kuwait, as was the U.S. government's official tone on the subject at the time. Subsequent events would prove otherwise, however this was said to Saddam in hopes that it would prevent him from attacking. Arab mediators convinced Iraq and Kuwait to negotiate their differences in Jiddah, Saudi Arabia, on 1 August 1990, but that session resulted only in charges and counter-charges. A second session was scheduled to take place in Baghdad, but Iraq invaded Kuwait the following day. Iraqi troops overran the country shortly after midnight on 2 August 1990. The United Nations
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