Libya Faces New Oil Shutdown Threat After Gunmen Storm HQ

Libya’s eastern government said it may shut down oil production and exports in protest after a militia aligned with rival authorities in the west stormed the state-oil company’s headquarters.

“Repeated attacks” on the National Oil Corp. and its affiliates may spur “precautionary measures that include declaring force majeure on oil fields and terminals,” or moving the firm’s main office to a “safer city,” Libya’s eastern administration said in a statement.