3 ms·
> Iran-Iraq war drove the price of oil up, not down. Nope
by Gibbon1 6y ago
> Iran-Iraq war drove the price of oil up, not down.
Nope
- deleted 6y ago[deleted]
- AnimalMuppet 6y agoWell... the price declined during the war, but that wasn't because of the war. The effect of the war itself was to reduce the production of oil, specifically production from Iran and Iraq. But that didn't drive the price up, because other producers stepped in, and also because consumption reacted to a price of $100+ (in 1980 dollars).