1980s oil glut and Gulf War

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Difference between 1980s oil glut and Gulf War

1980s oil glut vs. Gulf War

The 1980s oil glut was a serious surplus of crude oil caused by falling demand following the 1970s energy crisis. The Gulf War (2 August 199028 February 1991), codenamed Operation Desert Shield (2 August 199017 January 1991) for operations leading to the buildup of troops and defense of Saudi Arabia and Operation Desert Storm (17 January 199128 February 1991) in its combat phase, was a war waged by coalition forces from 35 nations led by the United States against Iraq in response to Iraq's invasion and annexation of Kuwait.

Invasion of Kuwait

The Invasion of Kuwait on 2 August 1990 was a 2-day operation conducted by Iraq against the neighboring state of Kuwait, which resulted in the seven-month-long Iraqi occupation of the country.

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Iran–Iraq War

The Iran–Iraq War was an armed conflict between Iran and Iraq, beginning on 22 September 1980, when Iraq invaded Iran, and ending on 20 August 1988, when Iran accepted the UN-brokered ceasefire.

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Kuwait

Kuwait (الكويت, or), officially the State of Kuwait (دولة الكويت), is a country in Western Asia.

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OPEC

The Organization of the Petroleum Exporting Countries (OPEC,, or OPEP in several other languages) is an intergovernmental organization of nations, founded in 1960 in Baghdad by the first five members (Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela), and headquartered since 1965 in Vienna, Austria.

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Petroleum

Petroleum is a naturally occurring, yellow-to-black liquid found in geological formations beneath the Earth's surface.

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Ronald Reagan

Ronald Wilson Reagan (February 6, 1911 – June 5, 2004) was an American politician and actor who served as the 40th President of the United States from 1981 to 1989.

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Rumaila oil field

The Rumaila oil field is a super-giant oil field located in southern Iraq, approximately from the Kuwaiti border.

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Saudi Arabia

Saudi Arabia, officially the Kingdom of Saudi Arabia (KSA), is a sovereign Arab state in Western Asia constituting the bulk of the Arabian Peninsula.

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Soviet Union

The Soviet Union, officially the Union of Soviet Socialist Republics (USSR) was a socialist state in Eurasia that existed from 1922 to 1991.

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The New York Times

The New York Times (sometimes abbreviated as The NYT or The Times) is an American newspaper based in New York City with worldwide influence and readership.

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Time (magazine)

Time is an American weekly news magazine and news website published in New York City.

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