A conflict could reduce Nigeria's oil output, affecting global oil supply.
Militants in the oil-rich Niger Delta on Friday called off a four-month cease-fire with the government, in a move that could plunge this part of Nigeria back into chaos and further disrupt global oil supplies.
The Associated Press reported that militants from the Movement for the Emancipation of the Niger Delta (MEND) vowed to wage a new military campaign dubbed "Hurricane Obama" that would sharply curtail oil and gas shipments from the region.
The ... militants had declared a cessation of hostilities in September after the worst spate of violence in years to hit the Niger Delta, where militants fought rare open battles against the armed forces after years of nighttime sneak attacks and sabotage....
On Friday, the Movement made good on a threat to end the cease-fire if the military engaged its fighters again, saying government forces fired on a camp run by one of its members. The group said it would retaliate with attacks against Nigeria's oil industry in an operation it called "Hurricane Obama."
The militants promised a "sweeping assault" that would "change the face of oil and gas exports from Nigeria."
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