Sri Lanka, March 1 -- Political analyst Professor Tudor Weerasinghe today (01) outlined the potential impact of the ongoing crisis in the Middle East on Sri Lanka.
Addressing a media briefing on the matter, Prof. Weerasinghe noted that global daily oil production stands at approximately 100 million barrels, with around 20% originating from the Middle East region. Any disruption to this supply, he warned, could lead to significant shifts in the global economy, particularly through rising oil and gas prices.
Elaborating further, Prof. Weerasinghe stated that Sri Lanka's exports could also be affected.
"We export a significant volume of tea to Iran. We also export to Arab countries. Under these circumstances, the conflict situation could ...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.