April 27, 1991
The United States is one of the few countries where gasoline prices have fallen back below the levels that prevailed before Iraq's invasion of Kuwait last Aug. 2. That means that the chasm between gas prices in the United States and other industrialized countries has grown in the wake of the war. Figures are based on the least expensive gasoline available in each location; they vary because of both price changes in each nation and fluctuations in currency exchange rates. Prices in U.S.
April 18, 1991 |
Iraq has promised to return soon more than $1 billion in gold bars, bank notes and silver coins looted from Kuwait's central bank, an official said Wednesday. Sulaiman al-Shaheen, undersecretary in the Ministry of Foreign Affairs, said Iraq had sent a letter to the United Nations pledging the return of looted Kuwaiti bank assets. Included are 3,216 gold bars worth $462 million at the current market price. "This is only a fraction of what the Iraqis took," he said.
March 26, 1991 |
Kurdish rebels in northern Iraq, claiming further gains against President Saddam Hussein's forces, said the government launched a wave of air attacks Monday on rebel-held cities. The Patriotic Union of Kurdistan said the early-morning raids could mark a new stage in Hussein's bid to crush postwar revolt after his defeat in Kuwait.
March 6, 1991 |
In a flurry of concessions to Kuwait and its allied liberators, Iraq officially renounced its annexation of the war-ravaged emirate on Tuesday and vowed to return hundreds of millions of dollars worth of looted property, including nearly a dozen civilian jetliners, gold taken from a Central Bank vault and scores of priceless museum pieces. Iraqi Foreign Minister Tarik Aziz announced the measures in a letter to U.N. Secretary General Javier Perez de Cuellar.
March 4, 1991 |
Unprecedented in its international scope, miraculous for its low allied casualties and breathtaking in its swift and crushing victory, Operation Desert Storm will be studied for years as a model application of German military theorist Carl von Clausewitz's principle that war is political relations carried out by other means.
March 2, 1991
"Suggestions out of Washington that reparations could be dropped if the Iraqi military would only overthrow Saddam Hussein are shortsighted. The principle that a country is legally and enforceably liable for damages it causes to others must surely be a foundation stone of a new order based on law. "But Kuwait is perfectly free to reduce its reparation claims or forgive outright, if it wants to shore up a successor regime in Baghdad.
March 2, 1991 |
King Hussein, reaching out to both Iraq and Kuwait, called Friday for postwar unity among the Arabs and warned of "painful memories which can be transformed into hatred and rancor if they are allowed to grow and fester." "I do not propose to go into the details of the sad drama because you know it too well. You have lived it," he said of the Persian Gulf crisis that divided Arab countries into hostile camps.
February 25, 1991 |
With Iraq's troops reportedly setting Kuwait's oil fields ablaze, detonating its oil producing facilities and torching its commercial centers, a grim picture is emerging of two nations--both the aggressor and the victim--ending the war in ruins.
February 16, 1991 |
Stock prices soared, gold and oil prices plunged, and the dollar found new strength Friday thanks to Saddam Hussein's conditional offer to withdraw from Kuwait. Although Iraq's offer was quickly rejected by coalition forces, market watchers believed it signaled an imminent end to the Persian Gulf conflict and a turning point for the U.S. economy. "The markets are expecting a settlement to the war," said Gerald Appel, president of Signalert in Great Neck, N.Y.