- An armed group closed Valve No. 7 on the pipeline from Libya's Sharara oilfield to Zawiya port, cutting output from 340,000 bpd to 120,000 bpd.
- Libya's National Oil Corporation warned it may declare force majeure on Sharara output and exports if the blockade continues.
- The supply scare adds to existing disruptions: uneven Strait of Hormuz shipments and offline Yanbu exports after the September 10 drone attack on Saudi Arabia's East-West pipeline.
- Oil prices rose in Asian trade as the market weighs diplomacy hopes against supply-side risks.
Quotes
“the continued closure of Valve No. 7 will inevitably halt production, transportation, and export operations at the Sharara field”
“This would directly harm the national economy by reducing state revenues, especially given rising global oil prices, and would expose the oil transport system and its facilities to technical and operational risks”