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Roiled by economic crisis, Sudan to float its currency

Cash-stripped Sudan on Monday announced it will float the country’s currency as economic conditions deteriorate further, some four months after a military coup plunged the African nation into further turmoil. The Central Bank of Sudan said banks and exchange firms will determine the value of the Sudanese pound based on …

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US official says Yemen rebels fire missile into busy Red Sea

Yemen’s Houthi rebels launched at least one missile into the busy waters of Red Sea over the weekend, a U.S. official said Monday, raising the risk of the rebels striking one of the many commercial vessels using a waterway crucial to global shipping. The Red Sea connects onto the Suez …

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Libya oil company: Production resumes at 2 shuttered fields

Libya’s national oil company said it resumed oil production Tuesday at two oil fields that were shut down by an armed group over the weekend. The closures caused the country’s daily output to drop by 330,000 barrels for three straight days. The state-run National Oil Corporation said pump valves at …

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