Liberation of Kuwait. The Gulf War [b] was a war waged by coalition forces from 35 nations led by the United States against Iraq in response to Iraq's invasion and annexation of Kuwait arising from oil pricing and production disputes. On 2 August , the Iraqi Army invaded and occupied Kuwait , which was met with international condemnation and brought immediate economic sanctions against Iraq by members of the UN Security Council. Bush deployed forces into Saudi Arabia, and urged other countries to send their own forces to the scene. An array of nations joined the coalition, forming the largest military alliance since World War II. Most of the coalition's military forces were from the US, with Saudi Arabia, the United Kingdom and Egypt as leading contributors, in that order.

Oil prices currently are an inconstant thing—up one day, down the next. But this is nothing new. In the past, oil prices often have fluctuated, and various events throughout history have caused those changes. Although this early increase reflects moderate stability, it preceded events that have changed oil production and prices forever. The organization's purpose is to unify and coordinate its members' petroleum policies so fair and stable prices would be secured for petroleum producers and supply to consumers would be efficient and economical. The power to control oil prices shifted from the U.

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