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Outbreak of the Gulf War

On August 2, 1990, the Iraqi military suddenly invaded Kuwait, occupying the entire territory of the nation. After Iraq rejected a demand by the United Nations Security Council to withdraw, the Gulf War started on January 17 of the following year.
Over this period, while prices of crude oil and petroleum products rose rapidly at first, they later settled into relative stability as other oil-producing states increased production and expectations of an Iraqi loss developed in the market. In this way, a severe oil crisis was avoided.
After the war, environmental pollution resulting from release of crude oil and from oil-field explosions were subjects of considerable concern.
A tank at the Mina Al-Ahmadi Refinery. Most of Kuwait's refinery facilities were damaged.
A tank at the Mina Al-Ahmadi Refinery.
Most of Kuwait's refinery facilities were damaged.
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