1982 world oil market chronology
- 1982 world oil market chronology
"Indications of a world oil glut lead to a rapid decline in world oil prices early in 1982. OPEC appears to lose control over world oil prices."
*March: Damascus closes Iraq's convert|400000|oilbbl/d|m3/d|abbr=on trans-Syrian oil export pipeline to show support for Iran.
*March 11: U.S. boycotts Libyan crude.
*May 24:Iran recaptures Khorramshahr.
*June: Iran demands $150 billion in war reparations; pledges war until Iraq's Hussein stands trial.
*June 10: Iraq declares unilateral cease-fire.
*Jul 13: Iran launches first attack into Iraq.
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