U.S. Warns Of Sanctions As Libya’s Oil Chaos Persists

After Libya lifted and then declared again force majeure on all its oil exports in the span of just two days, the United States warned that parties in the conflict that continue to undermine Libya’s economy and seek confrontation face isolation and risk of sanctions. After six months of port blockades and no exports, Libya’s National Oil Corporation (NOC) said on Friday that it lifted force majeure on all oil exports from Libya. NOC placed the oil terminals at Hariga, Brega, Zueitina, Es Sider, and Ras Lanuf under force majeure at the…