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
Transport in Kuwait railway projects being planned. Kuwait City would form one terminus of the proposed Gulf Railway, a railway network which will run from Kuwait to Oman, via cities across the Persian Gulf.A four line, , metro network within Kuwait city is also in the planning stages. A privately owned railway track of unknown length is proposed as part of a park project called "The Boulevard". This park is opened in April 2016, but the railway project did not materialize. The Kuwait Metropolitan Rapid Transit System Project is a planned four-line metro network which will total 160 km with 69 stations. It