Libya is a big oil exporter, and if exports are cut off, the price of oil will increase.
Britain's Queen Elizabeth inspects the Queen's Gurkha Engineers Attestation Party during a visit to Invicta Park Barracks, in Maidstone, southern England.
Exuberance fills the streets of eastern Libya, but many can't shake the fear that Col. Muammar Qaddafi will find a way to crush their revolt.
Libyan leader Muammar Qaddafi is almost entirely isolated from the international community now, as EU leaders call for sanctions and the African Union condemns his actions.
South Korea, one of the biggest investors in construction projects in the Middle East for more than 40 years and a major importer of oil, may have more to fear than most as it evacuates Koreans in Libya.
In eastern Libya, local youths – some in uniform, some with guns slung over their shoulders – and tribes that have dropped their support for Qaddafi appear to be running the show.
As Qaddafi's rule frays, so do some of the ties that bind Libya together. Geography is one force that could pull the country apart. But the promise of oil profits might help it stick together.
Libyan leader Muammar Qaddafi has long elicited chuckles abroad with his outlandish attire and over-the-top rhetoric, but his brutal crackdown this week is no laughing matter. This backgrounder offers a look at how the eccentric dictator came to power – and how he's held on to it for more than 40 years.
What to read for background on Libya? The shelves of English-language libraries and bookstores are not exactly crammed with options. However, there are a handful of works – from histories to fiction to travel literature – which offer a good general grounding in the country's background and culture. Here, at least for starters, are some interesting suggestions.