Tuesday 16 September 2014
 
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oil blockade

Libyan army in heavy fighting with port rebels

Libyan troops fought with rebels occupying oil ports on Saturday after fighters attacked an army base where military reinforcements were preparing for an offensive to break the blockade, local residents said. Anti-aircraft gunfire

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Iran oil blockade 'to push crude up 30pc'

Global crude prices could rise 20 to 30 percent if Iran halts oil exports as a result of US and European Union sanctions, the International Monetary Fund said on Wednesday. In a note to the G20, the IMF said financial sanctions against Ira

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