Libya's Oil Crisis Deepens: Aguila Saleh Threatens Continued Shutdown Over Central Bank Leadership

Libya is facing a significant political and economic crisis as tensions escalate between the House of Representatives and the Presidential Council over the appointment of the Central Bank Governor. Aguila Saleh, the Speaker of the House, has threatened to continue the closure of oil and gas fields until the reinstatement of Al-Siddiq Al-Kabir. This situation has been exacerbated by the declaration of force majeure on the oil sector, halting production and exports amid allegations of mismanagement and a lack of transparency in oil revenue distribution. The ongoing power struggle between the Dabaiba government in Tripoli and the Hammad government in Benghazi continues to fuel unrest, complicating the path to economic stability in Libya.