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Escalating Iran Conflict Sparks Global Oil Crisis, Protests Erupt

3/12/2026

32 8 Full Breakdown

History

Historical Context

The Gulf War began on August 2, 1990, when Iraq invaded Kuwait, claiming historical ties to the territory. The U.S.-led coalition, comprising 42 nations, launched Operation Desert Storm on January 17, 1991, to liberate Kuwait. The war ended on February 28, 1991, restoring Kuwaiti sovereignty and highlighting ongoing regional tensions, particularly with Iran, that continue to impact global oil markets today.

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Historical Context

The Gulf War began on August 2, 1990, when Iraq invaded Kuwait, claiming historical ties to the territory. The U.S.-led coalition, comprising 42 nations, launched Operation Desert Storm on January 17, 1991, to liberate Kuwait. The war ended on February 28, 1991, restoring Kuwaiti sovereignty and highlighting ongoing regional tensions, particularly with Iran, that continue to impact global oil markets today.