Timeline Friday 31 August 1990

2nd Millennium › 20th Century › 1990s › 1990 › August 1990 › 31 August 1990

Friday 31 August 1990

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All times in UTC · Dashed edge = started before, or continues beyond, this day

Events on Friday 31 August 1990 1

1990 Oil price shock Kuwait invasion doubles oil price Iraq's invasion of Kuwait on August 2, 1990 caused oil prices to spike dramatically, doubling from around $20 to $46 per barrel within weeks, triggering fears of a global recession.

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