President Donald Trump has vowed to use frozen Iranian assets to pay for any damage to shipping, a move Tehran warned would set an "incendiary precedent".
Sri Lanka on Tuesday cut fuel prices by up to six percent, the first such move since the Middle East war triggered a surge in energy prices in the import-dependent nation.
The domestic air passenger traffic for May 2026 was estimated at 156.4 lakh, 11.3% higher than 140.5 lakh in May 2025 and 13.2% higher than 138.1 lakh in April 2026.
Tuesday’s discussions in the French spa town of Evian-les-Bains also include a work session focused on “ending crises and ensuring stability in the Middle East.”
Market participants remained wary after reports of fresh military developments involving the US and Iran raised fears of a prolonged regional conflict.
