Libya's Eastern Government Shuts Down Oilfields Amid Central Bank Dispute

The move threatens a UN-brokered peace deal as rival factions vie for control of the Central Bank of Libya.

Eastern authorities declared 'force majeure' on all oil facilities, halting production and exports.
The conflict centers on the replacement of Central Bank head Sadiq al-Kabir by the Tripoli-based government.
Oil companies Waha and Sirte have begun reducing output, but no official shutdown confirmation from the National Oil Corp.
The closure could push Brent crude prices to the mid-$80s per barrel, impacting global oil markets.
Libya remains divided between eastern and western governments despite a 2020 ceasefire agreement.