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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)

The depreciation of the Sri Lankan Rupee during this year has been primarily driven by the ongoing crisis in the Middle East and the resulting increase in global oil prices, the Governor of the Central Bank of Sri Lanka (CBSL) Dr. Nandalal Weerasinghe has stated. MORE..

18 May 2026 (7:05 PM)

A writ petition has been filed before the Court of Appeal seeking an order directing the Commissioner General of Excise and others not to grant approval for the use of rice and sugar as primary raw materials in beer production. MORE..

18 May 2026 (7:15 PM)

U.S. President Donald Trump s administration on Monday created a nearly $1.8 billion fund to compensate victims of political �weaponization� to settle a lawsuit Trump had filed against his own government over the alleged mishandling of his tax records. MORE..

19 May 2026 (7:24 AM)

Iran sent a new peace proposal to the United States with terms that appeared similar to offers Washington has previously rejected, although a senior Iranian official told Reuters on Monday (May 18) that the US had softened its position on some issues. MORE..

18 May 2026 (11:55 PM)

Former President Mahinda Rajapaksa has not yet received any invitation to attend the National War Heroes Commemoration Day event scheduled for tomorrow (19), according to his Media Secretary, Attorney Manoj Gamage. MORE..

18 May 2026 (9:03 PM)