“Why Should a Single American Die for the Emirof Kuwait?

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“Why Should a Single American Die for the Emirof Kuwait?

In 1990, Saddam Hussein sent his foreign minister to neighboring Kuwait in a last-ditch effort to avoid war.

Iraq and Kuwait were locked in a heated economic dispute at the time. Kuwait was allegedly siphoning Iraqi oil through slant drilling beneath the border. Saddam was livid, but he still believed the issue could be settled diplomatically—hence the meeting between his foreign minister and the Kuwaiti emir.

What happened next had a profound impact on world history… yet few people have even heard about it.

According to FBI agent George Piro—who interrogated and befriended Saddam after his 2003 capture by US forces—the real trigger for Iraq’s 1990 invasion of Kuwait was a personal insult.

During the meeting, Iraq’s foreign minister laid out the grievances: the slant drilling, the economic tensions, and more.

The Kuwaiti emir, according to Piro, responded by saying he wouldn’t stop what he was doing “until he turned every Iraqi woman into a $10 prostitute.”

That, Piro claims, was the final straw for Saddam. That insult drove him to invade Kuwait and launch the Persian Gulf War.

You probably remember how the war sent shockwaves through global energy markets... and sent oil prices soaring.

No surprise there—both Iraq and Kuwait were (and still are) major oil exporters.

It was yet another example of the pattern: big conflicts in the Middle East tend to trigger big spikes in oil prices.

Can You Find Kuwait on a Map?

After Saddam invaded Kuwait, President George H.W. Bush launched a military campaign to drive Iraqi forces out.

But few understood how Saddam suddenly transformed from a “good guy” in the ’80s to the Hitler du jour in the early ’90s.

Even fewer grasped why the US government was so fixated on a tiny, artificial state like Kuwait—a country most Americans couldn’t even locate on a map.

It’s not like Saddam’s behavior in the ’80s was squeaky clean. Far from it. He invaded Iran and used chemical weapons on a massive scale. But back then, he had US support.

In fact, Saddam’s chemical attacks in the ’80s—some of the worst since World War I—killed tens of thousands, mainly Iranians. Yet Washington barely blinked.

By contrast, his invasion of Kuwait caused far fewer deaths—measured in the hundreds—yet it sparked international outrage and war.

As political commentator Pat Buchanan famously asked: “Why should a single American die for the Emir of Kuwait?”

Good question.

When Saddam took Kuwait, he suddenly stood within striking distance of Saudi Arabia’s richest oil fields—especially Ghawar, the largest oil field on Earth.

For a moment, it looked like Saddam might go for it—putting some of the world’s most strategic real estate within his grasp.

That was simply unacceptable to the US government. The idea that a rogue actor like Saddam could control so much oil—and the geopolitical leverage that came with it—was intolerable.

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The Next Oil Shock Could Be the Biggest in History

So why am I bringing this story up now?

Because once again, the war drums are beating in the oil-rich Persian Gulf, as the US and Iran move closer to a serious confrontation.

If war erupts between the US and Iran, it would almost certainly disrupt the flow of oil and gas from the Persian Gulf.

To call that a severe oil supply disruption would be a massive understatement.

Consider this…

During the first oil shock in 1973, about 5 million barrels were removed from the global oil market. At the time, daily global oil production was around 56 million barrels. That means roughly 9% of the world’s supply vanished.

Oil prices roughly quadrupled.

In the second oil shock of 1979, about 4 million barrels disappeared from the market. Daily production was around 67 million barrels—so about 6% of global supply was lost.

Oil prices nearly tripled.

Then, in 1990, during Saddam's invasion of Kuwait, about 4.3 million barrels were removed. With global production at roughly 66 million barrels per day, that was a 7% supply loss.

Oil prices more than doubled.

Now consider this…

If a war with Iran were to shut down the Persian Gulf, it could remove a staggering 21 million barrels of oil from the global market. With current global production sitting at around 96 million barrels per day, that's about 22% of the world's oil supply—gone.

As the chart below shows, this would be the largest oil supply shock in history. By far.

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I believe the impact on oil prices would be at least as severe as the 1973 oil shock when prices jumped 4x.

A similar move today could push oil to around $250 per barrel or higher.

And frankly, I think that’s a conservative estimate. War with Iran would be a far more catastrophic disruption than the 1973 OPEC embargo ever was.

I think the market doesn’t appreciate how close we are to a war with Iran and the implications of it.

The oil price has barely moved despite the imminent danger to supplies.

Allow me to clarify one thing. I’m certainly not cheering for war. I despise war, which is the health of the State.

That said, a major conflict with Iran looks increasingly likely. And the investment implications are too significant to ignore.

Fortunately, the coming war and economic shocks don’t have to blindside you, your family, or your portfolio.

That’s why I just released an urgent new message with all the details, including what you must do to prepare.

Click here to watch it now.