Sri Lanka

Sri Lanka, still reeling from its 2022 economic crisis, is now confronting another severe energy shock that threatens to trigger a full-scale economic collapse. With only 21 days of fuel reserves and 95% oil import dependency directly exposed to the Hormuz disruption, the nation's energy security is extremely fragile. Gasoline prices stand at $1.18/L, while an 88% increase in fertilizer costs is pushing food risk to critical levels. The coming weeks will be crucial as the government attempts to secure emergency fuel supplies and prevent widespread social unrest amid escalating economic pressures.