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August 2, 1990: Iraq invades Kuwait

1990 -Iraq invades Kuwait to enforce its claims on Kuwaiti land and oil, sending shock waves through financial markets and drawing worldwide condemnation. The Emir of Kuwait goes to Saudi Arabia where he is due to hold crisis talks with Arab leaders including his host King Fahd Bin Abdul Aziz and Egyptian President Hosni Mubarak. Thousands of Iraqi troops poured across the border and had seized key installations in the capital, including the royal palace. Kuwait suffered between 100 and 200 casualties. The reported announcements included pledges to settle Baghdad’s complaints against Kuwait, which include demands for at least $2.4 billion in compensation. Iraq accuses Kuwait of having stolen oil from a field under their long disputed border and of overproducing, causing low oil prices which have harmed the Iraqi economy. US President George H W Bush, condemning the invasion as “naked aggression, sent warships steaming towards the Gulf but said he was not contemplating military intervention. Bush froze Iraqi assets in the US and banned trade with Iraq.

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