Economy
Global Energy Markets on Edge as Strait of Hormuz Diplomacy Stalls.
May 23, 2026 at 6:03 AM
As diplomatic efforts between the U.S. and Iran over the strategic Strait of Hormuz continue without a clear breakthrough, global oil prices remain volatile, putting pressure on supply chains and inflation.
Local News
President Dissanayake Signals Potential Adjustment to Fuel Prices Amid Global Market Pressures.
May 1, 2026 at 2:48 PM
President Anura Kumara Dissanayake has signaled that small increases in fuel prices may be unavoidable due to rising global costs and Middle East instability, despite significant government subsidies currently in place.
Economy
Global Markets Rally as Two-Week Ceasefire Initiated in Iran Conflict.
April 8, 2026 at 1:37 AM
Financial markets have rallied following a surprise two-week ceasefire between the US-Israel coalition and Iran, with oil prices plummeting by over 16% as prospects for the reopening of the Strait of Hormuz improve.










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