Iran war casts fresh shadow over Sri Lanka’s recovery (opens original article in a new tab)

Iran's conflict is causing economic challenges for Sri Lanka, with Fitch warning of increased risks and the Central Bank raising interest rates to combat inflation and currency issues. Higher oil prices are also impacting Sri Lanka's economy.

• Fitch downgraded outlook on emerging markets due to Iran conflict
• Sri Lanka's Central Bank raised interest rates to 8.75% due to inflation and currency issues
• Higher oil prices from Iran conflict are increasing inflation and import costs for Sri Lanka