Sheikhdom of Kuwait include any deepwater harbours), the Iraqi King Faisal I (whom the British installed as a puppet king in Iraq) did not agree to the plan. However, as his country was under British mandate, he had little say in the matter. Iraq and Kuwait would formally ratify the border in August. The border was re-recognised in 1932. In 1913, Kuwait was recognised as a separate province from Iraq and given autonomy under Ottoman suzerainty in the draft Anglo-Ottoman Convention, however this was not signed before the outbreak of the first World War. The border was revisited by a memorandum sent by
Ba'athist Iraq the market with their oil. The result was that international oil prices were still at the 1970s level. In October 1988, because of Kuwait and the UAE, international oil prices had fallen to US$12 per barrel. The policy which the UAE (and especially Kuwait) followed hampered Iraq's economic growth. In the Iran–Iraq War's aftermath, Iraq had grown more dependent on oil prices. The result of Kuwait and the UAE's oil policies could be felt in 1990, when international oil prices decreased to US$13.67 per barrel. This time, the sudden fall in oil prices triggered reactions in Iraq; in "Al-Thawra", the