
NEW YORK / RankWire.AI / – The Libyan authorities stated that the closure of the valve interrupted the pipeline transporting Sharara crude to Zawiya Port. They also mentioned that technical teams had not yet accessed the affected area at the time of their statement. Sharara typically produces about 300,000 barrels per day. This disruption added to existing supply constraints amid ongoing assessments of shipping conditions across key Middle East export routes. Brent oil briefly traded below $100 a barrel on Monday but rebounded to settle at $100.34. The early Tuesday recovery kept the international benchmark above that level, while WTI also regained some of its previous losses. The oil market continues to focus on confirmed export flows, pipeline statuses, and developments impacting major producing nations, with Saudi shipments through Hormuz and the pipeline disruption at Sharara among the latest verified supply updates.
