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Event Brief

Egypt to Import Libyan Oil Amid Kuwaiti Supply Halt

Egypt plans to import 1 million barrels of Libyan oil monthly due to halted Kuwaiti crude supplies.
WHO: Egypt
WHAT: Importing Libyan oil
WHEN: Mar 29, 2026 at 10:58 AM ET
WHERE: Libya
WHY: To compensate for a halt in Kuwaiti crude supplies caused by the closure of the Strait of Hormuz.
Sources (1): Bloomberg

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