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
Eastern Orthodoxy in Iraq administrative headquarters are located in neighbouring Kuwait, territorially also under jurisdiction of the Baghdad Archdiocese. Eastern Orthodoxy in Iraq Eastern Orthodoxy in Iraq refers to adherents, communities and institutions of Eastern Orthodox Christianity in Iraq. Within the ecclesiastical order of the Eastern Orthodox Church, territory of Iraq traditionally belongs to patrimonial jurisdiction of the Eastern Orthodox Patriarchate of Antioch and All the East. The Patriarchate has a diocese in Iraq, the "Eastern Orthodox Archdiocese of Baghdad", headed since 2014 by metropolitan Ghattas Hazim. The early history of Eastern Orthodoxy in the region of Mesopotamia (within the territory of modern-day Iraq)