📈 Middle East Crisis: Opposition Convenes as Global Energy Costs Spike

Opposition Leader Sajith Premadasa has called an emergency meeting today to address the escalating Middle East conflict and its immediate implications for Sri Lanka. • Labor & Safety: The session focuses on the security of the Sri Lankan workforce in the region and formulating formal advisory steps for the Government. • Energy Markets: Global crude oil prices surged following regional attacks, with Brent crude rising up to 13% in Asian trade before stabilizing at US$ 76.48 per barrel (+5%). • Financial Impact: Significant volatility in global equity markets, with the Nikkei 225 down 1.5% and Hang Seng dropping 2%. US stock futures (S&P 500 and Nasdaq) fell approximately 0.7%, signaling further pressure on local investor sentiment. • Economic Risks: High risk of "knock-on effects" for Sri Lanka’s domestic economy, particularly regarding the energy import bill and potential disruptions to inward remittances.