Week-36-2026
With Hormuz unlikely to open this year, alternate pipelines under attack, and the Bab-el-Mandeb Strait newly closed to Saudi oil tankers, global oil prices have spiked. In Sri Lanka, the energy minister signals potential price hikes at the pump.
Diplomats grow frustrated with the Foreign Ministry, as Vijitha Herath is slow to implement existing agreements. The ministry has also missed important summits like BRICS and the Shanghai Cooperation Organisation. But incompetence alone may not explain the diplomatic blunders.