Libya's Factions Make Progress in Central Bank Crisis Talks, Says UN Libya Mission

A view of the Central Bank of Libya in Tripoli, Libya, August 26, 2024. REUTERS/Aymen Sahli/File Photo Purchase Licensing Rights
A view of the Central Bank of Libya in Tripoli, Libya, August 26, 2024. REUTERS/Aymen Sahli/File Photo Purchase Licensing Rights
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Libya's Factions Make Progress in Central Bank Crisis Talks, Says UN Libya Mission

A view of the Central Bank of Libya in Tripoli, Libya, August 26, 2024. REUTERS/Aymen Sahli/File Photo Purchase Licensing Rights
A view of the Central Bank of Libya in Tripoli, Libya, August 26, 2024. REUTERS/Aymen Sahli/File Photo Purchase Licensing Rights

Libya's rival factions made progress on talks over the central bank crisis and will continue discussions on Thursday to reach a final agreement, the UN Libya mission said on Wednesday, in a bid to defuse a crisis that has slashed oil output and exports.

"The participants of the two (legislative) chambers made progress in agreeing on the general principles governing the interim period leading to the appointment of a new governor and board of directors for the Central Bank," the United Nations Libya mission (UNSMIL) said in a statement.

According to Reuters, the meeting hosted by UNSMIL featured representatives from the Benghazi-based House of Representatives, the High Council of State and the Presidential Council, which are both based in Tripoli.

The standoff began last month when western Libyan factions moved to oust a veteran central bank governor, prompting eastern factions to declare a shutdown to all oil output.

Although Libya's two legislative bodies said last week they agreed to jointly appoint a central bank governor within 30 days, the situation remains fluid and uncertain.

Libyan oil exports fell around 81% last week, Kpler data showed on Wednesday, as the National Oil Corporation cancelled cargoes amid a crisis over control of Libya's central bank and oil revenue.



Iran’s Supreme Leader Says Syrian Youth Will Resist Incoming Government

A defaced portrait of ousted Syrian President Bashar al-Assad is seen in Damascus, Syria, 18 December 2024 (issued 22 December 2024). (EPA)
A defaced portrait of ousted Syrian President Bashar al-Assad is seen in Damascus, Syria, 18 December 2024 (issued 22 December 2024). (EPA)
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Iran’s Supreme Leader Says Syrian Youth Will Resist Incoming Government

A defaced portrait of ousted Syrian President Bashar al-Assad is seen in Damascus, Syria, 18 December 2024 (issued 22 December 2024). (EPA)
A defaced portrait of ousted Syrian President Bashar al-Assad is seen in Damascus, Syria, 18 December 2024 (issued 22 December 2024). (EPA)

Iran's supreme leader on Sunday said that young Syrians will resist the new government emerging after the overthrow of President Bashar sl-Assad as he again accused the United States and Israel of sowing chaos in the country.

Iran had provided crucial support to Assad throughout Syria's nearly 14-year civil war, which erupted after he launched a violent crackdown on a popular uprising against his family's decades-long rule. Syria had long served as a key conduit for Iranian aid to Lebanon's armed group Hezbollah.

Iranian Supreme Leader Ali Khamenei said in an address on Sunday that the “young Syrian has nothing to lose" and suffers from insecurity following Assad's fall.

“What can he do? He should stand with strong will against those who designed and those who implemented the insecurity," Khamenei said. “God willing, he will overcome them.”

He accused the United States and Israel of plotting against Assad's government in order to seize resources, saying: “Now they feel victory, the Americans, the Zionist regime and those who accompanied them.”

Iran and its armed proxies in the region have suffered a series of major setbacks over the past year, with Israel battering Hamas in Gaza and landing heavy blows on Hezbollah before they agreed to a ceasefire in Lebanon last month.

Khamenei denied that such groups were proxies of Iran, saying they fought because of their own beliefs and that Tehran did not depend on them. “If one day we plan to take action, we do not need proxy force,” he said.