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
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