The ongoing leadership dispute in Libya has led to the suspension of oil production in the country, as two rival governments vie for control of the central bank and its oil revenue. The central bank governor has fled the country, fearing for his life, amidst the power struggle between the internationally recognized government in the west and the administration in the east, which controls most of the oil fields.
The decision by the western government to replace the central bank governor has been met with objection from the eastern government, leading to a halt in oil production. This has raised concerns about the impact on the economy and the potential for escalation into civil war.
Experts warn that the suspension of oil production could have severe consequences for Libya’s economy, which heavily relies on oil revenue. The country has been embroiled in a decade-long power struggle, and the latest leadership dispute threatens to further destabilize the already fragile situation.
The international community is closely monitoring the situation in Libya, as tensions rise and the risk of civil war looms. It remains to be seen how the country will navigate this latest challenge and whether a resolution can be reached to prevent further conflict.
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