A ray of hope has emerged that maybe some resolution could be found to the Libyan crisis. This after Libyan President Gaddafi and the Arab League President agreed on the chances of a peace plan put forward by Venezuelan President, Hugo Chavez. That in fac, had oil come off its peak prices by a few dollars but that decline was soon reversed as Libyan militaries are learned to have launched fresh air strikes in East Libya in an attempt to retake the town of Brega.
Katerina Dalacoura, Lecturer at the London School of Economics, in an interview with CNBC-TV18Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
