President reviews economic risks and safety measures amid Middle East conflict

PRESIDENT Anura Kumara Dissanayake yesterday convened a series of high-level discussions at the Presidential Secretariat to review the potential economic impact of the ongoing conflict in the Middle East and to assess measures required to safeguard Sri Lankan migrant workers and tourists.

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The meetings focused on the possible implications of the conflict for fuel and gas supplies, tourism flows, exports, investment activity, and food security, as well as the safety of Sri Lankans residing in or travelling to the affected region.

Officials examined the potential impact of disruptions to energy supplies and maritime routes on domestic fuel prices and inflation. While noting that current fuel stocks remain adequate, the President directed authorities to closely monitor reserves and ensure that contingency measures are in place to maintain supply stability.

Attention was also drawn to the country's limited storage capacity for liquefied petroleum gas, with officials exploring potential short-term options, including the use of Hambantota Port, to manage additional reserves if required.

The discussions further considered possible congestion at Colombo Port arising from disruptions to maritime traffic through key routes such as the Suez Canal and the Strait of Hormuz.

Officials were asked to explore arrangements that would facilitate the movement of vessels operating regularly with Sri Lanka.