Economy
Global Oil Markets Soften Following Trump's Pledge to Secure Strait of Hormuz.
May 4, 2026 at 3:02 AM
Global oil prices saw a slight decline after President Donald Trump promised U.S. intervention to assist vessels stuck in the Strait of Hormuz, though ongoing geopolitical tensions keep prices above $100 per barrel.
Local News
Sri Lankan Sailor Among 17 Captives Following Oil Tanker Hijacking off Somalia.
April 25, 2026 at 11:18 PM
An oil tanker named 'Honour 25' has been hijacked by pirates off the Somali coast, with 17 crew members—including one Sri Lankan—held captive. The vessel was transporting 18,500 barrels of oil toward Mogadishu when it was seized.
















