Mar 18, 2011

Libya Decides To Halt All Military Action,…

Libya announces it accepts the UN resolution, encourages opening of all dialogue with all sides, according to Libyan Foreign Minister. Also, the country has agreed to an immediate ceasefire. WTI drops sharply by $23 on the news, as futures spikes. From the AP: “Foreign Minister Moussa Koussa says Libya is declaring an immediate cease-fire and stopping all military operations. Friday’s decision comes after the U.N. voted to authorized a no-fly zone and “all necessary measures” to protect the Libyan people, including airstrikes. Koussa says the cease-fire “will take the country back to safety” and ensure security for all Libyans. But he also criticized the authorization of international military action, calling it a violation of Libya’s sovereignty.” In the meantime, the French foreign minister, eager to blow stuff up, remain careful on Libya ceasefire announcement
Follow the announcement live here.
http://english.aljazeera.net/watch_now/

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