Sri Lankan shares plummeted 5.4% on Tuesday, their worst single-day drop since the 2022 financial crisis, driven by Middle East tensions. Fears of oil shortages and supply disruptions, exacerbated by the Iran conflict, impacted the market. The nation’s reliance on fuel imports and significant trade with the Middle East make it vulnerable to external shocks.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets