Italian strategic expert Daniele Ruffinetti told our source on Monday that Libyan oil could certainly serve as an alternative in the event of oil supply disruptions if Iran decides to respond by attempting to close the Strait of Hormuz. In such a scenario, Libya could distance itself from these dynamics and may be able to continue its trade without significant external restrictions.
However, Ruffinetti emphasized that it is important to keep in mind that Libyan oil production is heavily affected by internal instability. Rather than relying on external emergencies, the true priority should be strengthening internal stability in order to sustainably increase production.
He went on to say that this brings us back to an old issue: Libya has suffered from instability for many years, and this ongoing volatility continues to deprive the country of opportunities, according to his statement.
