Peace offer to the Iraqis: 1. Northern Iraq would be incorporated into the newly formed republic of Kurdistan 2. 15% of all Iraqi oil reserves would become Iranian 3. Iran would gain small amounts of territory 4. Iran would help the reconstruction of Baghdad 5. Iran would give 50 million USD as war reparations to help rebuild the damage done to Baghdad 6. Hormuz would be reopened to the world (even Libya) 7. Iran would protect Iraq militarily and economically until the year 2040 8. If Iraq would decline a harsher offer would come up
