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Oil As A Weapon: From The Iran-Iraq War Until The End Of 20th Century - Hazar
The Iran-Iraq war reduced the production of crude oil in both countries and thus reduced production and supply of crude oil by 6% in the world market. From 1978 to 1981, the highest price was $ 115.34 per barrel. The war between Iran and Iraq lasted for a long time in the 1980s, but oil …