On August 2nd, 1990 Iraqi military forces invaded and occupied the small Arab state of Kuwait. The order was given by Iraqi dictatorial president Saddam Hussein. His aim was apparently to take control Kuwait's oil reserves (despite its small size Kuwait is a huge oil producer; it has about 10 per cent of the world's oil reserves ). Iraq accused Kuwait, and also the United Arab Emirates, of breaking agreements that limit oil production in the Middle East. According to Saddam Hussein, this brought down world oil prices severely and caused financial loss of billions of dollars in Iraq's