Sri Lanka, July 27 -- Due to the US-Iran conflict and attacks on oil tankers in the Red Sea, the price of Brent crude oil has crossed the US$100 mark for the first time in seven weeks since May.
Accordingly, the price of Brent oil has increased by $15.08 and the price of WTI by $11.78 in the week ending on the 24th of this month, according to the Central Bank of Sri Lanka.
In addition, the Central Bank reports indicate that there have been many notable changes in the country's main economic indicators during the week. In the face of international political unrest, the price of crude oil in the world market has increased significantly.
The Sri Lankan rupee has depreciated by 7.8 percent against the US dollar so far this year. Considering ...