Question

Why did President Reagan persuade the Saudi Arabians to lower the price of oil?

to further hurt a struggling Soviet Union economy because oil exports were their main source of income


to persuade OPEC to increase the price of their oil to further increase market instability


to increase the value of American oil on the international market


to make it almost impossible for the Iraqi government to bring any oil to market

Answer 1

The correct option is " to further hurt a struggling Soviet Union economy because oil exports were their main source of income"

The high point of the Reagan presidency was his first 100 days in office, initiated with the end of the hostage crisis in Iran, after being released minutes after his takeover. The first official act of Reagan was to end the control of oil prices, hoping to increase domestic production of fuel and encourage exploration, the retail price of a gallon of gasoline went from an average of 28.5 cents in May 1981 to 65.1 cents in June 1982.

Answer 2

The correct answer here is C.

The Cold War was waged on many fronts. They may not have been literal fronts in classic sense but fronts nonetheless. There were proxy wars but also cultural and economic wars as well. The reduction of oil prices by Saudi Arabia were significant because they hurt the struggling economy of the Soviet Union.