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Oil prices eased on Monday after U.S. President Donald Trump said the United States would begin an effort to free up ships stranded in the Strait of Hormuz, however the lack of a U.S.-Iran peace deal kept prices supported above $100. MORE..

4 May 2026 (9:14 AM)

President Donald Trump said on Sunday (May 3) that the United States was conducting �very positive discussions� with Iran, as he outlined a plan for US forces to escort ships through the blocked Strait of Hormuz beginning Monday. MORE..

4 May 2026 (7:59 AM)

Opposition Leader Sajith Premadasa has criticized the government s upcoming Value Added Tax (VAT) changes, saying that from July 1 Sri Lanka will widen the VAT net, raise rates, and tighten enforcement simultaneously. MORE..

4 May 2026 (12:58 PM)