The port, located near the Libya-Egypt border, was closed Feb. 7, and the continued closure of the port would have cut Libya’s oil exports to an estimated 100,000 barrels per day or less. Before the fall of former leader Moammar Gadhafi in 2011, Libya pumped 1.6 million barrels per day. Since then, conflict has drastically reduced the country’s output.

Source: Sratford