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Libya threatens retaliation if attacked

Amplify’d from www.thepeakeffect.com

Friday, March 18, 2011

Libya threatens retaliation if attacked

Minutes after the United Nations announced it would vote on imposing the No Fly Zone (resolution text link) over Libya, Gaddafi has immediately retaliated by saying that such a decision would open counterstrikes by Libya against any “air and maritime traffic in the Mediterranean Sea” as well as “civilian and military facilities in the country.” Whether this means that Gaddafi will promptly attack his oil infrastructure is unclear, but the Crude market is not taking any chances: Brent is now up almost $4 having snapped its several day losing streak.

From Reuters:

Any foreign attack on Libya will endanger air and maritime traffic in the Mediterranean basin and expose the area to both short and long term risks, the Defence Ministry said in a statement broadcast on Libyan television.
The statement said Libya would strike back at civilian and foreign targets if the country comes under attack from foreign forces.
“Any foreign military act against Libya will expose all air and maritime traffic in the Mediterranean Sea to danger and civilian and military (facilities) will become targets of Libya’s counter-attack,” said the statement.
“The Mediterranean basin will face danger not just in the short-term, but also in the long-term,” it said.


Labels:
gaddafi,
Libya,
oil,
UN

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