shagelly
Answered

Westonci.ca offers quick and accurate answers to your questions. Join our community and get the insights you need today. Join our platform to connect with experts ready to provide precise answers to your questions in different areas. Join our platform to connect with experts ready to provide precise answers to your questions in different areas.

How can the instablity in the Middle Eastern countries like Iraq
cause oil prices to go up in the US?

Sagot :

Answer:

On Aug. 2, 1990, Saddam Hussein launched the Iraqi invasion of Kuwait, starting the Gulf War. This led to lower oil production, causing a spike in crude oil prices. After the Gulf War, crude oil prices steadily declined, reaching their lowest level since 1973 in 1994.

Explanation:

We appreciate your time on our site. Don't hesitate to return whenever you have more questions or need further clarification. Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. We're glad you chose Westonci.ca. Revisit us for updated answers from our knowledgeable team.