Eastern government issues "force majeure" (Il Sole 24 Ore Radiocor) - New York, 26 Aug - Oil prices moved higher after Libya's eastern government said it was halting crude exports, exacerbating tensions in the Middle East following Israeli strikes in southern Lebanon.

The eastern government called a 'force majeure' on all fields, terminals and oil facilities, the authorities said in a statement on Facebook.

The decision is the latest step in a political struggle between the eastern government and the UN-recognised government based in Tripoli over control of the central bank and oil revenues.

At 1401 the price of Brent was up around 3% at 81.50 dollars.

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(RADIOCOR) 26-08-24 16:15:50 (0361) 5 NNNN