Uh....no, not really. The Iraqis had burned through much of their prewar stockpile by November 1980. It’s true that Iran’s western tanks were shredded by Iraq’s Soviet ones at Dezful, but by November of 1981 Iraqi morale was starting to collapse, as shown by Operations Tariq-ul- Quds, Fath ol-Mobin, and especially Beit- ol- Moqaddas in the spring of 1982.
“The fighting had battered the Iraqi military: its strength fell from 210,000 to 150,000 troops; over 20,000 Iraqi soldiers were killed and over 30,000 captured; two out of four active armoured divisions and at least three mechanised divisions fell to less than a brigade's strength; and the Iranians had captured over 450 tanks and armoured personnel carriers.
The Iraqi Air Force was also left in poor shape: after losing up to 55 aircraft since early December 1981, they had only 100 intact
fighter-bombers and
interceptors. A defector who flew his
MiG-21 to
Syria in June 1982 revealed that the Iraqi Air Force had only three squadrons of fighter-bombers capable of mounting operations into Iran. The Iraqi Army Air Corps was in slightly better shape, and could still operate more than 70 helicopters., Despite this, the Iraqis still held 3,000 tanks, while Iran held 1,000.
At this point, Saddam believed that his army was too demoralised and damaged to hold onto Khuzestan and major swathes of Iranian territory, and withdrew his remaining forces, redeploying them in defence along the border. However, his troops continued to occupy some key Iranian border areas of Iran, including the disputed territories that prompted his invasion, notably the Shatt al-Arab waterway. In response to their failures against the Iranians in Khorramshahr, Saddam ordered the executions of Generals
Juwad Shitnahand Salah al-Qadhi and Colonels Masa and al-Jalil.”
en.m.wikipedia.org
That’s because Bush I wasn’t dumb enough to try an occupation of Iraq....unlike his son.