## Economic Warning: NSC Condemns Israel-US Conflict with Iran 📈

The National Shoora Council (NSC) has issued a stern condemnation of the military actions initiated by Israel and the US against Iran on February 28, warning of severe repercussions for the Sri Lankan economy. • Global Economic Risks: The NSC highlights that the escalation is expected to trigger a sharp rise in global oil prices, directly threatening the recovery of nations like Sri Lanka that are currently emerging from economic bankruptcy. • Impact on Labor & Remittances: Concerns were raised regarding the safety of millions of marginalized Asian migrant workers, including a significant number of Sri Lankans employed across the Middle East, whose livelihoods and lives are now at risk. • Geopolitical Context: The statement links the conflict to broader strategies of "settler colonial control" and criticizes the marginalization of the UN, noting that such "endless wars" historically enrich arms-exporting nations while devastating third-world economies. • Regional Developments: The NSC noted the timing of the conflict following new cooperation agreements between India and Israel, suggesting a shift in regional dynamics that further isolates sovereign nations in the Global South.