MIDEAST UPDATE
Beginning Feb. 18, Life Magazine will publish special issues on a weekly basis to cover the Persian Gulf War. The editions will be published in news magazine size for sale only on newsstands. Life will continue to publish in full size as a monthly.
Mexico racked up a $2.9-billion oil export windfall in the first 11 months of 1990, primarily due to higher oil prices following Iraq’s Aug. 2 invasion of Kuwait.
A Paris publication said more than one-third of the Persian Gulf’s oil refining capacity has been incapacitated by the combined effects of the war and a fire at Saudi Arabia’s Ras Tanura refinery. Arab Oil & Gas warned that hostilities and the Gulf oil slick threaten more of the region’s refineries.
The head of the Organization for Economic Cooperation and Development said that if the war does not spread, it should have only a minor impact on the world economy.
Sign up for The Wild
We’ll help you find the best places to hike, bike and run, as well as the perfect silent spots for meditation and yoga.
You may occasionally receive promotional content from the Los Angeles Times.
