Is Libya The Next Wildcard For Oil Markets?

Given the economic mayhem that energy price-fuelled inflation has caused for Western governments since Russia’s invasion of Crimea, the last thing they want is another oil production shutdown in Libya that would push oil prices higher again. However, last week saw Khalifa Haftar, the head of the Libyan National Army (LNA) that is based in the country’s oil-rich eastern region, order his forces to be standby until a fair distribution of oil wealth is agreed between the leaders of its main warring factions. The last time he issued such…