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
Environmental issues in Kuwait Environmental issues in Kuwait Located in the Middle East between Saudi Arabia and Iraq, Kuwait is a relatively small country that has been the center of many political and economic issues over the past few decades. These problems include corruption of the Kuwaiti government by many terrorist organizations and domestic violence to maintain the status quo of the oil industry elite. Stemming from these tensions, Kuwait as well as other countries in the region, including Iran, Iraq, and Qatar face threats from environmental issues. A loss of agriculture due to climate change, pollution from the country's oil industry and Oil