Libya, Political Crisis | featured news

Stocks fell sharply and oil prices spiked to their highest level in two years on Tuesday as investors worried about the increasingly violent unrest in Libya.

Blames foreign influences for revolt as top officials resign to protest government attacks on civilians; opposition seizes control in some areas.

Libyan security forces open fired on mourners at a funeral for anti-government protesters in the eastern city of Benghazi again Sunday, a day after commandos and foreign mercenaries loyal to longtime leader Moammar Gadhafi pummeled demonstrators with assault rifles and other heavy weaponry as well as knives.