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Commercial oil stocks are falling �very fast� as Gulf supplies remain disrupted by the Middle East war, even with the release of strategic reserves by governments worldwide, the head of the International Energy Agency (IAE) said on Monday (May 18). MORE..

18 May 2026 (6:41 PM)

Future policies on vehicle imports should be formulated in a way that allows imports only based on necessity, according to Professor in Economics at the Department of Economics, Priyanga Dunusinghe of the University of Colombo. MORE..

18 May 2026 (5:32 PM)

The US government said on Monday India s Adani Enterprises agreed to pay $275 million to settle alleged sanctions violations involving Iran, as the Trump administration moved to resolve several cases involving Indian billionaire Gautam Adani. MORE..

18 May 2026 (10:31 PM)

Although Sri Lanka had initially expected an economic growth rate of around 5% for 2026, recent changes in global economic conditions after March have made it difficult to provide an accurate forecast, the Governor of the Central Bank of Sri Lanka (CBSL) Dr. Nandalal Weerasinghe has said. MORE..

18 May 2026 (5:50 PM)

The United States has agreed to suspend sanctions on Iranian oil exports during ongoing negotiations with Iran, the semi-official Tasnim news agency reported on Monday, citing a source familiar with the talks.

18 May 2026 (8:23 PM)

Sri Lanka is likely to spend more foreign exchange on vehicle imports in 2026 than initially anticipated, according to the Governor of the Central Bank of Sri Lanka (CBSL) Dr. Nandalal Weerasinghe. MORE..

18 May 2026 (11:22 PM)