The latest port blockade in Libya, which had sent the country’s oil production plunging and oil prices surging, was lifted last week with new promises of transparency and the fair distribution of oil revenues. As part of the agreement for lifting the port closure, Libya’s central bank, national oil company, politicians, businessmen, and traders in the country could end up being probed in a wide-ranging corruption investigation to tackle the underlying problem of Libya’s oil wealth—accusations and counteraccusations of corruption and channeling of oil revenues to Islamist groups. The Libyan National Army (LNA) of eastern strongman General Khalifa Haftar recaptured in June four ports in the Oil Crescent in the east from armed groups after a week of fighting, handing their control to an unrecognized oil company in the east. But last week, Haftar agreed to hand back control of the ports to the internationally recognized National Oil Corporation […]