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strikeSep 22, 2026

Libya's Largest Oilfield Hit By New Armed Group Blockade

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Libya's Largest Oilfield Hit By New Armed Group Blockade By Tsvetana Paraskova of OilPrice.com Crude oil production at Libya’s largest oilfield, Sharara, has slumped over the past day after an armed military group closed a valve on the pipeline that carries crude oil from the field to the Zawiya port for exports, in yet another global supply scare amid ongoing disruptions in the Middle East. An armed group has closed Valve n.7 on the pipeline, Libya’s National Oil Corporation (NOC) said, adding that the closure caused a pressure buildup within the crude oil pipeline, leading to a significant reduction in production at the Sharara field. The field is operated by Akakus Oil Operations, and its production is being shipped through the pipeline to the Zawiya port for exports. The Libyan state oil firm warned that “the continued closure of Valve No. 7 will inevitably halt production, transportation, and export operations at the Sharara field.” If the shutdown continues, NOC said it may be compelled to declare force majeure on Sharara output and exports. “This would directly harm the national economy by reducing state revenues, especially given rising global oil prices, and would expose the oil transport system and its facilities to technical and operational risks,” NOC said. The Sharara oilfield is estimated to have produced about 340,000 barrels per day (bpd) of crude oil before the incident. Following the closure of the valve and the forced reduction of production, crude output at Sharara has now slumped to about 120,000 bpd, according to various estimates. Libya’s fresh supply scare comes amid squeezed global oil supply as shipments through the Strait of Hormuz remain uneven and uncertain, and the Yanbu exports out of Saudi Arabia’s Red Sea coast are still offline, following the drone attack on the East-West pipeline on September 10. Oil prices rose in Asian trade on Tuesday, following two days of declines, as the market weighs diplomacy hopes against supply-side risks. Tyler Durden Tue, 09/22/2026 - 13:40

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  • Tyler DurdenBy Tyler Durden

    Libya's Largest Oilfield Hit By New Armed Group Blockade By Tsvetana Paraskova of OilPrice.com Crude oil production at Libya’s largest oilfield, Sharara, has slumped over the past day after an armed military group closed a valve on the pipeline that carries crude oi

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Trump heaps praise on Middle East leaders at UN meeting on Iran war

Submitted by Yasmine El-Sabawi on Tue, 09/22/2026 - 20:54

No substantive outcome was announced from the US president's gathering with regional stakeholders

US President Donald Trump meets with Arab and Muslim leaders on the sidelines of the United Nations General Assembly in New York City on 22 September 2026. From left to right: Prime Minister of Iraq, Ali al-Zaidi; President of Turkey Recep Tayyip Erdoğan; King of Jordan Abdullah II; Trump; Qatari Emir Tamim bin Hamad al-Thani; President of Syria Ahmad al-Sharaa; and Prime Minister of Egypt Mostafa Madbouly (Chip Somodevilla/Getty Images via AFP) Off US President Donald Trump held a highly anticipated meeting with Arab and Muslim leaders on the sidelines of the United Nations General Assembly on Tuesday, where he showered high praise on the officials but left the meeting with no major announcements on the turmoil in the region.

Shortly before his meeting on Tuesday, Trump confirmed to reporters that his envoys had sat down with Iranian officials for a three-hour discussion, as all sides seek a face-saving off-ramp from the war.

"They had a very good meeting, a very productive meeting," he said. "They have another one scheduled in the very near future."

As he later sat down with regional stakeholders, Trump credited his negotiators, special envoy for peace missions Steve Witkoff, and Trump's son-in-law, Jared Kushner, who has no official role in the administration, as having led the talks.

"We'll see what happens with that... We've been mediating for a while, but I think there's a lot of momentum for them to make a deal. That's what we're hearing from everybody," Trump said.

This year, the US president was flanked by Jordan's King Abdullah; Qatar's Sheikh Tamim; Turkish President Recep Tayyip Erdogan; Syrian President Ahmed al-Sharaa; Iraqi Prime Minister Ali al-Zaidi; Egyptian Prime Minister Mostafa Madbouly; Lebanese Prime Minister Nawaf Salam; and Kuwaiti Crown Prince Sabah Khaled al-Hamad al-Sabah.

So far, Trump has reserved his highest praise at the UNGA for this particular group of leaders.

"It's an honour to be here with some of America's greatest and closest friends, allies, and partners to continue our effort toward a safer and more prosperous Middle East," the president said. "Special place, and it's become more special over the last period of time since I've been in politics... I've got a lot of great friends sitting around this table. They're amazing people, and we make sure their lives are good."

Every nation at the table around him, he added, "has been outstanding", and Trump thanked them for what he said has been some $21 trillion in US investments from them since he came into office in January 2025.

'We are settling years of unfinished business': Trump talks up Iran, Gaza, Latin America strategy Read More »

He particularly thanked Erdogan, with whom he has shared a close friendship since his first term in office, and called him a "fantastic guy" and a "tough cookie".

"Don't mess around with him," Trump joked, as the other leaders around him laughed.

This is the second year in a row that Trump has held such a meeting, though last year's gathering on the sidelines of the UNGA included some of the world's most populous Muslim nations, Pakistan and Indonesia, and largely focused on enacting a ceasefire in Gaza.

That ceasefire went into effect some three weeks later, but Israel has continued to carry out several air strikes on the enclave every week.

This year, Iran is in sharp focus, as these regional leaders deal with the literal blows from Iran's retaliatory actions against US interests.

"Operation Epic Fury crippled Iran's Navy... Eliminated its air force. They have no planes. Hit over 90 percent of its weapons factories and destroyed 450 ballistic missile storage facilities and 800 drone storage facilities," Trump said of the US-Israeli war that began on 28 February.

"We may have to blow up another one, Pickaxe Mountain," he warned. "We're not seeing a lot of activity there, but if we do, we'll blow it up immediately."

The leaders in the room maintained a stoic look. They did not address the reporters who were ushered out after Trump's remarks.

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