Libya's full reentry into the oil market pressures crude prices
Libya’s oil output has doubled from August levels to more than a million barrels a day after rival factions
Algeria has presented a draft resolution to UN Security Council members calling for an end to Israel's offensive in Rafah and an "immediate ceasefire," according to a draft text seen by AFP. Defying pressure from the United States and other western countries, Israelhas been conducting military operations in Rafah, which is packed with peoplewho have fled fighting elsewhere in Gaza. The draft resolution, which draws on last week's ruling by theInternational Court of Justice, "decides that Israel, the occupying Power,shall immediately halt its military offensive, and any other action in Rafah." It also "demands an immediate ceasefire respected by all parties, and alsodemands the immediate and unconditional release of all hostages."
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