ADVANTAGES

From the start of the war, the international community worried chiefly about the effect the war would have on international trade and oil exports from the Persian Gulf. Because both countries were major oil producers, another oil crisis was feared, such as the one during the Arab-Israeli conflict in 1973. Although Iraq and Iran attacked each other’s oil installations from the start of the war in order to destroy one another’s oil production capabilities, oil prices only rose for a short period, and there was no real effect on the world oil market during the war (Ramazani, p. 216; Mossavar-Rahmani, p. 61).

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