Update: Rebels Reject Offer; Latest Libya Development: Gaddafi Offers Rebels To Hold People's Congress To Let Him Step Down With Guarantees

Tyler Durden's picture

And the imminent update, which is just as expected: "AL JAZEERA SAYS INTERIM REBEL GOVT REJECTS GADDAFI OFFER OF MEETING TO CONSIDER HIS RESIGNATION"

Just out from Reuters: "AL JAZEERA SAYS GADDAFI OFFERS REBELS TO HOLD PEOPLE'S CONGRESS TO LET HIM STEP DOWN WITH GUARANTEES"

Following today's escalation in fighting the probability of any dialogue is exactly zero but let's see what this rumor does to crude prices.

More from Reuters:

Al Jazeera television reported on Monday that Muammar Gaddafi  has proposed to Libyan rebels to hold a meeting of the country's parliament to pave the way for him to step down with certain guarantees.

The television quoted sources for the report, which it ran as a flash on its news ticker during a broadcast. It gave no further details.

It said Gaddafi proposed the meeting of the General People's Congress, or parliament, to the interim council based in the rebel-controlled city of Benghazi.

So just another rumor for the time being. So far the credibility of any Gaddafi permanent resignation rumors is #notwinning.