Crisis resolved at Libyan oil terminals —for now
Libya’s Tripoli-based National Oil Corporation (NOC) lifted the state of force majeure it had declared at four export terminals in the country's eastern "oil crescent," after the forces of eastern warlord Khalifa Haftar agreed to withdraw from the facilities. Exports are set to resume, and global oil prices began to fall as the news broke. (Libyan Express) The ports of Ras Lanuf, Es Sider, Zueitina and Hariga were all handed back to NOC control without any obvious concession being made to Haftar. The Guardian reports that Haftar had been pressing privately for Saddek Elkaber, the governor of the Libyan central bank, to step down, claiming that Elkaber was funnelling monies from the oil industry to militias opposed to him. A strongly worded letter from President Donald Trump, warning he would take legal action against those responsible for the impasse, may have prompted Haftar's capitulation.