As protests continue to rock Libya, with demonstrators setting fire to the House of Representatives in the eastern city of Tobruk and Libyans in the capital Tripoli demanding action against armed militias, soaring inflation, and power outages— global oil markets are on edge over the specter of another civil war. Since mid-April this year, key oilfields and ports have been closed due to protests stemming from a political crisis that has rival factions scrambling to secure control over oil facilities and oil revenues. Prior to this,…
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