Reported about 2 months ago
Libya's eastern government announced a complete shutdown of oil production and exports amid escalating tensions over control of the central bank with its rival in Tripoli. This decision has significant implications, as Libya primarily relies on oil revenues, and the political divisions, despite a 2020 cease-fire agreement, continue to disrupt its economy and oil output. The conflict highlights the struggle for financial control among competing factions in a country rich in oil reserves yet plagued by instability since the 2011 uprising.
Source: YAHOO