US and UK Hint at Possible Future Oil Embargo against Libya; EuropeanObjections Expected
The UN sanctions against Libya, while not so far affecting the flow ofLibyan oil in any way, have already caused jitters in the market. These fearshave been heightened by official statements from Washington and London that ifLibya does not adhere to the UN resolutions, then a total blockade could beenforced, including stoppage of oil exports. New sanctions would be...
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