Libya output halt pushes oil higher; force majeure possible

Oil prices rose after Libya's NOC halted production at three fields due to protests and warned of force majeure on deliveries.

15/09/2026 14:112 min read

Oil prices climbed sharply after Libya's National Oil Corporation said it had halted output at oil fields due to protests and might declare force majeure on scheduled shipments.

Production stopped at three fields after members of the Petroleum Facilities Guard — the group that protects Libya's oil infrastructure — shut a valve on the main Hamada-Zawiya crude pipeline.

In the wake of that move, the US 10-year Treasury yield once again crossed the 5% mark.

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