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

cause oil prices to go up in the US?

User William Thomas
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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.

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User Jack Tileman
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