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The Gulf War 1991 – Part 1: Lines in the Sand

Conflicted: A History Podcast

CHAPTER

The Financial Hangover From the Iran-Iraq War

After eight years of gas attacks, trench warfare and feudal offensives, the Iran-Iraq War ended in a stalemate. An estimated 360,000 Iraqi and Iranian citizens had been killed,. 700,000 more injured in a war that cost over 600 billion. Iraq's oil revenues did not even suffice to cover ongoing expenditures. The country was essentially bankrupt; Saddam Hussein racked up debts all over the globe.

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