Sri Lanka, March 20 -- The supply shock in the commodity market directly affects 39.3% of imports of Sri Lanka, or USD 8.3 Bn, across 951 products. The price shock extends beyond petroleum and petrochemicals to nitrogenous fertiliser, biodiesel alternatives like palm oil, and food, exerting pressure on food prices. Currently, price pass-through and demand management are the best options, while easing regulatory barriers, such as licensing schemes, are necessary to ensure food security. The closure of the Strait of Hormuz has unsettled global energy markets. According to the International Energy Agency (IEA), 20 Mn barrels of crude oil products were transported through the Strait in 2025, which accounted for a quarter of the world's daily en...