15.04.2019 | Libya crisis threatens oil price spike as Macron plays with strategic fire
Source - The Telegraph
Italy and France are at daggers drawn, pitted on opposite sides in an escalating battle for control of Libya and the oil fields of the upper Sahara.
Astonishing details have come to light indicating that French president Emmanuel Macron secretly endorsed a military campaign to overthrow the UN-backed government in Tripoli on the eve of an international peace conference, effectively working in league with Russia and Saudi Arabia against global consensus.
It also makes a mockery of the EU’s foreign policy institutions.
The armed attack on western Libya risks a full-blown civil war and an oil supply shock for the eurozone economy at a delicate juncture. Brent crude prices have spiked to a five-month high.
Source - https://www.telegraph.co.uk/business/2019/04/14/libya-crisis-threatens-oil-price-spike-macron-plays-strategic/