Nightline (ABC) - Iraq invades Kuwait - 1990-08-01
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Read a transcript preview of “Nightline (ABC) - Iraq invades Kuwait - 1990-08-01” from malgent, uploaded on 2025-08-08.
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Language: English (original, YouTube automatic captions)
[0:08] This is ABC News Night Line reporting
[0:12] from Washington. Ted Cppel.
[0:15] >> Good evening. There has been a dangerous
[0:17] late breaking development in the Persian
[0:19] Gulf. US intelligence sources confirm
[0:22] that within the past few hours, more
[0:24] than a 100,000 Iraqi troops have massed
[0:28] along that country's border with Kuwait.
[0:30] And now there are reports that Iraqi
[0:32] forces have invaded Kuwait and the
[0:35] troops from both countries are engaged
[0:37] in combat. Because this story is
[0:39] developing literally moment by moment.
[0:42] Let me give you a little bit of
[0:43] background first and then we'll call in
[0:45] some of our correspondents here in
[0:47] Washington and overseas and we'll talk
[0:49] with some experts on the region. We will
[0:51] examine the impact of this invasion on
[0:53] US oil supplies and prices. Take a look
[0:56] first of all at this map. There at the
[0:59] innermost part of the Persian Gulf is
[1:01] the richest oil region in the world.
[1:04] Saudi Arabia, the world's number one oil
[1:06] producer. Iraq, the world's second
[1:09] largest, and Kuwait, which also has
[1:11] enormous oil resources and more to the
[1:13] point, enormous financial resources.
[1:16] Iraq is deeply in debt because of the
[1:18] enormous cost of its 8-year war with
[1:20] Iran. Saddam Hussein, the president of
[1:23] Iraq, widely considered one of the most
[1:26] dangerous men in the world, has been
[1:28] trying to regain capital by driving up
[1:31] the price of oil. Hussein has been
[1:33] holding Kuwait responsible for keeping
[1:35] world market prices down. And for the
[1:37] past two weeks, there has been a war of
[1:39] nerves between Iraq and Kuwait as Saddam
[1:43] Hussein has begun d