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Libya To Halt All Military Action, Announces Immediate Ceasefire

Tyler Durden's picture




 

Libya announces it accepts the UN resolution, encourages opening of all dialogue with all sides, according to Libyan Foreign Minister. Also, the country has agreed to an immediate ceasefire. WTI drops sharply by $23 on the news, as futures spikes. From the AP: "Foreign Minister Moussa Koussa says Libya is declaring an immediate cease-fire and stopping all military operations. Friday's decision comes after the U.N. voted to authorized a no-fly zone and "all necessary measures" to protect the Libyan people, including airstrikes. Koussa says the cease-fire "will take the country back to safety" and ensure security for all Libyans. But he also criticized the authorization of international military action, calling it a violation of Libya's sovereignty." In the meantime, the French foreign minister, eager to blow stuff up, says to remain careful on Libya ceasefire announcement. And of course - Libya has just won the first diplomatic battle. It can now continue doing what it was doing in complete secrecy, while any invasion by US and ally forces will be deemed a provocation by the world, or so Libya believes.

Follow the announcement live here.

And an initial response from a trading desk:

MAKE NO MISTAKE. LYBIA HAS REMOVED THE CASUS BELLI. BUT IT WILL NOT REMOVE THE REASON FOR ORDERING AIR RAIDS IN THE FIRST PLACE. TUNISIA WAS NOT A TARGET, NOR WAS EGYPT. TOO LITTLE OIL. QADDAF I IS A CLEVER NEGOTIATOR. USED TO DEAL WITH BERLUSCONI AND CO. B Y NO MEANS AN IDIOT. HE HAS BOUGHT TIME. HE IS UNDER ATTACK. AND NOT FROM WITHIN.

And in the meantime, nobody appears to care:
Nato's Rasmussen says Nato completing planning in order to be able to take appropriate action in Libya, as Reuters reports that a Libyan rebel in Misrata says rebels repelled Govt. attack on city. In other news, ceasefire to start.... any....minute...now...

 

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Fri, 03/18/2011 - 11:03 | 1071430 robobbob
robobbob's picture

Khaddafi has retained PR/Think tank Monitor group for the last several years in a multi million $ contract to raise Libya's world standing. Including trip junkets for high level western officials, opinion makers, journalists, including the US.

http://motherjones.com/files/project_to_enhance_the_profile_of_libya_and_muammar_qadhafi.pdf

misc:

"WND has learned Slaughter, who continues to advise both Clinton and the State Department, also has been listed as "official talent" for Monitor Group, the Gadhafi-paid organization that has come under fire in recent days for sending influential U.S. citizens on trips to Libya as part of an imaging effort for the Libyan dictator."

"Nye did not disclose all. He had actually traveled to Tripoli as a paid consultant of the Monitor Group (a relationship he disclosed in an email to Mother Jones), and the firm was working under a $3 million-per-year contract with Libya. Monitor, a Boston-based consulting firm with ties to the Harvard Business School, had been retained, according to internal documents obtained by a Libyan dissident group, not to promote economic development, but "to enhance the profile of Libya and Muammar Qadhafi."

Yugoslavian AK-47 armed army: $347ea (case quantity)

Russian T-72 (export edition) $1.2 million ea

Friends in all the right places in a time of crisis: priceless

Fri, 03/18/2011 - 11:43 | 1071616 CitizenPete
CitizenPete's picture

Meanwhile in Christian NUTTERLAND -- the poor Nuclear Military and Palestinian Humanitarian State of Isreal intercepts tons of sling shots, marbles and lentils.

 

http://www.youtube.com/watch?v=aRxhPsGPSrQ

 

 

Fri, 03/18/2011 - 12:07 | 1071739 robobbob
robobbob's picture

if you are saying it was staged, I will listen to your evidence.

if you're trying to say mortar rounds aren't deadly enough to count, you're ignorant

and what the heck do you classify an anti-ship missle?

any of these would be effective terror weapons against civilians.

Fri, 03/18/2011 - 11:51 | 1071665 MonsterZero
MonsterZero's picture

Clinton said: "We have to see a very clear set of decisions" by Gadhafi's forces. She says that means forces must pull "a significant distance away from the east." That's where Gadhafi's forces are fighting rebels seeking his ouster.

 

Country is under ceasefire....Ohhh now he's supposed to move his forces around?  What does that have to do with limiting civilian casualties?  Nothing...

Fri, 03/18/2011 - 12:27 | 1071674 Lord Welligton
Lord Welligton's picture

Well. The non-fly zone is still extant.

Time to put it to the test without the benefit of taking out his air defence.

If he shoots one down?

Fri, 03/18/2011 - 12:02 | 1071710 YHC-FTSE
YHC-FTSE's picture

Kept up with the news from several sources, read the threads, mulled, cogitated, and digested the informed opinions, and I am still nowhere near figuring out how this is going to pan out in a few months let alone in the next few hours. Looks like a general standoff from all sides with itchy fingers on every trigger. I really believed Gaddafi's days were numbered when Libya kicked off but I'm not sure now. 

Fri, 03/18/2011 - 12:19 | 1071801 Gromit
Gromit's picture

1)   Wait to see if a viable leader emerges

2)   If not wait till Gadhaffi has consolidated power then authorize ineffectual no fly zone.

Fri, 03/18/2011 - 21:25 | 1074171 G-R-U-N-T
G-R-U-N-T's picture

Daffy's fininshed!

Fri, 03/18/2011 - 12:18 | 1071804 PulauHantu29
PulauHantu29's picture

So when does Hillary push for "No Fly Zones" over Bahrain. Yemen, Oman, Saudi Arabia, and on and on?

Fri, 03/18/2011 - 12:51 | 1071933 falak pema
falak pema's picture

When they find a Ghawar field in Arizona and oil prices fall to 40 USD. When O'b gets his hcp down to 9 and Benocide is so deep in QE-5 that even the guy on the moon hears of it. As Richard Branson will be offering flights to safety to the moon on his space shuttle to the 'happy few' before the great world wide deflation deflates both their super egos and their off shore balance sheets. Imagine Berlusconi heading for the moon with his bunga bunga hose deflated from lack of Libyan steroids. "I will find new lease of flicking, kicking, rodeo styled life with that cow who jumped...Mama mia!"

Fri, 03/18/2011 - 14:14 | 1072362 High Plains Drifter
High Plains Drifter's picture

Going to war again.

http://ca.news.yahoo.com/u-deploy-more-ships-support-libya-planning-2011...

Insanity reigns supreme. There must be war, death and destruction or the world system will collapse. There can never be peace until the Son of Man comes again in all of His Glory. Such is life now. Volunteer Amerikan soldiers, etc do what they are told without thinking and without questioning. It is a sad day to be an Amerikan. Sad indeed. Does anyone really care?

Fri, 03/18/2011 - 14:48 | 1072620 falak pema
falak pema's picture

ca va, ca va...stop feeling sorry 4 ur self.

Fri, 03/18/2011 - 14:20 | 1072411 High Plains Drifter
High Plains Drifter's picture

Oh by the way, we are here to give you freedom and democracy. Oh , I almost forgot. Do you mind if we "help" you with your oil problems? Sure no problem. I knew we could be of service...........

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