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Message: <blockquote data-quote="wathsala2000" data-source="post: 31267553" data-attributes="member: 350251">GlobalIran says Strait of Hormuz closed and warns it will attack ships trying to passWhat's happening?•    On fourth day of Iran assault, Israel military says it launches new strikes•    Strait of Hormuz closed, Iranian media report•    Six US troops have been killed in the campaign•    US President Donald Trump says war can last 4-5 weeks or longer•    Kuwait mistakenly shoots down US jets•    QatarEnergy halts LNG production as Iran strikes Gulf countries•    Israel attacks Hezbollah in Lebanon<a href="https://www.reuters.com/world/iran-live-israel-strikes-hezbollah-uk-base-hit-cyprus-conflict-widens-2026-03-02/" target="_blank">https://www.reuters.com/world/iran-live-israel-strikes-hezbollah-uk-base-hit-cyprus-conflict-widens-2026-03-02/</a>Iran war poses new risk to US economic resilience•    Oil prices surge as Middle East conflict widens•    Geopolitical risks have been top of mind among CEOs, analysts•    US economy more buffered from energy shocks•    Impact on Fed policy uncertain<a href="https://www.reuters.com/world/middle-east/iran-conflict-poses-new-risk-us-economic-resilience-2026-03-02/" target="_blank">https://www.reuters.com/world/middle-east/iran-conflict-poses-new-risk-us-economic-resilience-2026-03-02/</a>Dollar reclaims safe-haven mantle as Iran strikes rattle nerves•    Dollar's safe-haven status appears intact amid geopolitical tensions•    U.S. markets' depth supports dollar's safe-haven role•    Debate continues on dollar's robustness in non-energy crises<a href="https://www.reuters.com/world/africa/dollar-reclaims-safe-haven-mantle-iran-strikes-rattle-nerves-2026-03-02/" target="_blank">https://www.reuters.com/world/africa/dollar-reclaims-safe-haven-mantle-iran-strikes-rattle-nerves-2026-03-02/</a>IUS gasoline crosses $3 per gallon mark in test of Trump's Iran warU.S. average gasoline prices have risen above $3 per gallon for the first time since November as escalating Middle East conflict disrupted oil supplies and pushed Brent crude near $77 per barrel, increasing political pressure ahead of midterm elections and raising expectations of further pump price hikes toward $3.25 per gallon.<a href="https://www.reuters.com/business/energy/us-gasoline-crosses-3-per-gallon-mark-test-trumps-iran-war-2026-03-02/" target="_blank">https://www.reuters.com/business/energy/us-gasoline-crosses-3-per-gallon-mark-test-trumps-iran-war-2026-03-02/</a>Trading Day: Oil, yields, uncertainty surgeGlobal markets experienced heightened volatility on Monday following the U.S.-Israeli attack on Iran, with oil and gas prices surging sharply—European LNG up 40% and oil up 6%—Asian and European stocks falling 1–3%, while Wall Street indices mostly held firm, U.S. Treasury yields rose, and safe-haven currencies like the Swiss franc unexpectedly weakened amid intervention concerns.<a href="https://www.reuters.com/business/global-markets-trading-day-graphic-2026-03-02/" target="_blank">https://www.reuters.com/business/global-markets-trading-day-graphic-2026-03-02/</a>QatarEnergy’s LNG production halt could shake up global gas marketsQatarEnergy has halted liquefied natural gas (LNG) production after Iranian drone attacks on its Ras Laffan and Mesaieed facilities, cutting off a supply that accounts for 20% of global LNG and putting significant upward pressure on worldwide gas prices.<a href="https://www.aljazeera.com/economy/2026/3/2/why-qatarenergys-lng-production-halt-could-shake-up-global-gas-markets" target="_blank">https://www.aljazeera.com/economy/2026/3/2/why-qatarenergys-lng-production-halt-could-shake-up-global-gas-markets</a>Softlogic Research<hr />*SenFin Research – News Updates - 3 March 2026**External sector opens 2026 on firm footing*Sri Lanka’s external sector delivered a stronger-than-expected start to 2026, with January’s numbers pointing to a more broad-based foreign exchange cushion.*Source: (Daily Mirror)* <a href="https://www.dailymirror.lk/business-main/External-sector-opens-2026-on-firm-footing/245-334289" target="_blank">https://www.dailymirror.lk/business-main/External-sector-opens-2026-on-firm-footing/245-334289</a> *Workers’ remittances reach USD 751 Mn in January up 31.1 % YoY*The external current account recorded a larger surplus in January 2026, compared with recent months as well as January 2025.*Source: (Daily News)* <a href="https://dailynews.lk/2026/03/03/business/960287/workers-remittances-reach-usd-751-mn-in-january-up-31-1-yoy/" target="_blank">https://dailynews.lk/2026/03/03/business/960287/workers-remittances-reach-usd-751-mn-in-january-up-31-1-yoy/</a> *Trade deficit shrinks by 10.66%*The country’s trade deficit decelerated (shrank) by 10.66 per cent (USD 78.11 million) to USD 654.6 million in January 2026 aided by exports growing faster than imports, year-on-year (YoY), Central Bank of Sri Lanka (CBSL) statistics released on Friday (February 27) showed.*Source: (Ceylon Today)* <a href="https://ceylontoday.lk/2026/03/03/trade-deficit-shrinks-by-10-66/" target="_blank">https://ceylontoday.lk/2026/03/03/trade-deficit-shrinks-by-10-66/</a> *Market Fears Financial Stability Risk – CBSL*The perceived probability of the stability of Sri Lanka’s financial system materialising a high impact negative event showed an uptick in both the short and medium term by market participants in a recent survey conducted by the Central bank of Sri Lanka (CBSL) warned on Friday.*Source: (Ceylon Today)* <a href="https://ceylontoday.lk/2026/03/03/market-fears-financial-stability-risk-cbsl/" target="_blank">https://ceylontoday.lk/2026/03/03/market-fears-financial-stability-risk-cbsl/</a> *Oil may go up by USD 8 per Barrel*Crude oIl prices may go by as much as USD eight per barrel due to the current Iranian war. Oil traders will be weighing the impact of US and Israeli missile strikes on Iran Saturday (28 February) which provoked it to retaliate against neighbouring oil-rich Arab States in the Gulf.*Source: (Ceylon Today)* <a href="https://ceylontoday.lk/2026/03/02/oil-may-go-up-by-usd-8-per-barrel/" target="_blank">https://ceylontoday.lk/2026/03/02/oil-may-go-up-by-usd-8-per-barrel/</a> *Gas Prices increase after Qatar halts LNG output*Qatar has halted liquefied natural gas (LNG) production following strikes on its energy facilities, according to international reports.*Source: (Newswire)* <a href="https://www.newswire.lk/2026/03/03/gas-prices-increase-after-qatar-halts-lng-output/" target="_blank">https://www.newswire.lk/2026/03/03/gas-prices-increase-after-qatar-halts-lng-output/</a> *Labour shortage clouds construction boom despite strong PMI reading*Construction sector recorded an index value of 75.0, its second highest reading since highest of 75.7 recorded in July 2020.*Source: (Daily Mirror)* <a href="https://www.dailymirror.lk/business-news/Labour-shortage-clouds-construction-boom-despite-strong-PMI-reading/273-334288" target="_blank">https://www.dailymirror.lk/business-news/Labour-shortage-clouds-construction-boom-despite-strong-PMI-reading/273-334288</a> *Apparel exports dip in January as global demand wavers*Sri Lanka’s apparel exports fell 2.66 percent in January 2026 to US $ 425.44 million, from US $ 437.07 million a year earlier, reflecting the persistent pressure across key markets.*Source: (Daily Mirror)* <a href="https://www.dailymirror.lk/business-news/Apparel-exports-dip-in-January-as-global-demand-wavers/273-334287" target="_blank">https://www.dailymirror.lk/business-news/Apparel-exports-dip-in-January-as-global-demand-wavers/273-334287</a> *Sri Lanka’s rubber industry at crossroads amid economic and structural stress*Sri Lanka’s rubber industry entered 2025 under mounting pressure from weakening global demand and policy uncertainty to persistent disease outbreaks, labour shortages and rising production costs. *Source: (Daily Mirror)* <a href="https://www.dailymirror.lk/business-news/Sri-Lankas-rubber-industry-at-crossroads-amid-economic-and-structural-stress/273-334281" target="_blank">https://www.dailymirror.lk/business-news/Sri-Lankas-rubber-industry-at-crossroads-amid-economic-and-structural-stress/273-334281</a> *Financial system: Medium-term confidence declines*Though confidence in the Sri Lankan financial system among its market participants remained positive in the short term, between December and January, confidence in the medium term declined in the same time period, likely due to uncertainties related to natural hazards and geopolitical tensions, the Central Bank of Sri Lanka’s (CBSL) Systemic Risk Survey for H1 2026 has found.*Source: (the morning)* <a href="https://www.themorning.lk/articles/EnlDKhIaqI9A3tlSibc2" target="_blank">https://www.themorning.lk/articles/EnlDKhIaqI9A3tlSibc2</a>*Over 3,400 flights cancelled as Gulf countries’ airspaces remain closed*Over 3,400 flights have been cancelled in the first few days of the Middle East conflict according to flight-tracking data, according to Al Jazeera.*Source : ( Daily Ft)* <a href="https://www.ft.lk/front-page/Over-3-400-flights-cancelled-as-Gulf-countries-airspaces-remain-closed/44-788971" target="_blank">https://www.ft.lk/front-page/Over-3-400-flights-cancelled-as-Gulf-countries-airspaces-remain-closed/44-788971</a>*Fire in the Strait of Hormuz will burn households in Colombo*The escalation of military conflict in the Middle East and the subsequent closure of the Strait of Hormuz represent a systemic shock to the global economy with profound implications for Sri Lanka. As a vital maritime chokepoint handling approximately 20% of the world's oil supply and a significant portion of liquefied natural gas (LNG), the disruption of shipping through this narrow passage threatens to destabilise energy markets, inflate commodity prices, and disrupt the livelihoods of millions of Sri Lankan migrant workers in the Gulf region.*Source : (Daily mirror)* <a href="https://www.dailymirror.lk/breaking-news/Fire-in-the-Strait-of-Hormuz-will-burn-households-in-Colombo/108-334242?fbclid=IwdGRzaAQTBe1jbGNrBBMFyGV4dG4DYWVtAjExAHNydGMGYXBwX2lkDDM1MDY4NTUzMTcyOAABHh3jfXiWoe5V9j9rmsYkXCaXXz7pP_LHd0V3nqUo1fZPzKp2XhS78qarLMSr_aem_pXmB_DmMsMO5x3jOv_YIZw&sfnsn=wa" target="_blank">https://www.dailymirror.lk/breaking-news/Fire-in-the-Strait-of-Hormuz-will-burn-households-in-Colombo/108-334242?fbclid=IwdGRzaAQTBe1jbGNrBBMFyGV4dG4DYWVtAjExAHNydGMGYXBwX2lkDDM1MDY4NTUzMTcyOAABHh3jfXiWoe5V9j9rmsYkXCaXXz7pP_LHd0V3nqUo1fZPzKp2XhS78qarLMSr_aem_pXmB_DmMsMO5x3jOv_YIZw&sfnsn=wa</a>------ Post added on [DATETIME="UT"]1772508152[/DATETIME]</blockquote>

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