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Sri Lanka Celebrates New Year Amidst Global Tensions; US-Iran Blockade Pushes Oil Past $100
Thursday, April 16, 2026 · 38 stories · Updated 2h ago

Sri Lanka Celebrates New Year Amidst Global Tensions; US-Iran Blockade Pushes Oil Past $100

The Pulse
In 30 Seconds
  • President Dissanayake leads State Oil Anointing ceremony in Kandy for New Year.

  • US blockade of Iran continues; global oil prices surge past $100.

  • Twenty-five Chinese nationals arrested at BIA in major smuggling busts.

  • Brother of underworld figure 'Karandeniya Sudda' arrested in India.

  • Price for a 24K gold sovereign exceeds Rs. 400,000 in Sri Lanka.

The Bigger Picture

As Sri Lanka immerses itself in traditional New Year observances, led by the President at the State Oil Anointing Ceremony in Kandy , the nation's economy faces significant external pressures. The ongoing US naval blockade of Iran is causing severe global oil price volatility, with prices again surging past $100 a barrel . This international instability contributes to domestic economic anxieties, reflected in the sharp increase in local gold prices to record highs .

Politics12 stories

The US-Iran conflict dominates the international stage, with critical discussions commencing in Islamabad as the US military confirms a complete sea blockade of Iran's economic trade

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. President Trump has hinted the war is nearing its end, while Iran signals readiness for talks but warns against attempts to force a surrender

. The feud between Trump and Pope Leo XIV escalated, with Trump questioning the Pontiff's understanding of Iran's nuclear threat

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. Elsewhere, direct Lebanon-Israel talks in Washington D.C. concluded without a clear agreement

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Locally, Sri Lanka repatriated over 240 Iranian sailors on a special flight following an American torpedo attack on their vessel in March

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. Pakistan Navy ships PNS Taimur and PNS Aslat concluded a goodwill visit and joint exercise in Colombo

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. Prime Minister Amarasuriya participated in diverse New Year rituals across the country

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, while MP Namal Rajapaksa reiterated his call to learn from past mistakes

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. Authorities are cracking down on altered vehicle number plates amid issuance delays

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, and the Navy continues to arrest Indian fishermen for poaching

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. The ongoing coal crisis sees a new attempt to refer an investigation to a long-term Presidential Commission, potentially delaying the probe

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Crime8 stories

Authorities have intensified crackdowns on organized crime and smuggling. In a major bust, twenty-five Chinese nationals were arrested at BIA in multiple incidents involving electronic devices valued at over Rs. 24 million, suspected to be for cybercrime

. In a significant international arrest, 'Raju', the brother of notorious underworld figure 'Karandeniya Sudda', was apprehended at New Delhi Airport and awaits extradition

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. Island-wide police operations on April 14th resulted in 296 arrests for various offenses, including drunk driving and outstanding warrants

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Other incidents include the arrest of a patient for allegedly harassing a doctor at Kalutara Nagoda Hospital

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, and ongoing investigations into fatal assaults in Horana and Wellawaya

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. Talawakelle Police also seized an illicit liquor stock worth Rs. 450,000 intended for illegal sale during the holidays

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. Internationally, Turkey was shaken by consecutive school shootings, with one attack leaving nine dead

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Economy7 stories

The US blockade of the Strait of Hormuz continues to impact global markets, with oil prices surging past $100 a barrel after the US Navy turned back more tankers

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. However, prices showed mixed movements later amid hopes for renewed US-Iran dialogue

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. Locally, Sri Lanka's fuel supply has been bolstered with the arrival of a 30,000 MT furnace oil shipment and 36,700 MT of petrol, securing supplies until June and allowing for the temporary lifting of the QR system for petrol vehicles

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The CID has launched a probe into coal imports since 2009, with the Lanka Coal Company office remaining sealed under police protection

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. Reflecting market volatility, local gold prices have surged, with a 24-carat sovereign now exceeding Rs. 402,000

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. Private bus services are gradually returning to normal, expected to be fully operational by April 17th

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. Authorities also seized over 1.6 tons of illegally imported turmeric and cashew nuts in Kalpitiya

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General5 stories

President Anura Kumara Dissanayake led the nation's Sinhala and Tamil New Year observances, participating in the State Oil Anointing Ceremony at the Sri Dalada Maligawa complex in Kandy. Following the main event, he visited the Mahanayaka Theros of the Malwathu, Asgiri, and Ramanna chapters to receive blessings

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. The festive season saw a massive transport surge, with special services extended until at least April 20th to accommodate travelers

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. To facilitate return journeys, the Transport Ministry has introduced online bus ticket reservations for routes from Galle and Matara to Makumbura

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. New auspicious times for departing for work on April 17th and 20th were also announced

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. Meanwhile, the IGP's public and police relief programs scheduled for April 16th and 17th have been temporarily suspended for the New Year

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Accident3 stories

Several tragic accidents were reported across the island. The bodies of two individuals were recovered from the Mahaweli River, with a third brother still missing after a drowning incident that occurred on April 14th

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. In Eheliyagoda, a multi-vehicle collision involving seven vehicles resulted in injuries to up to 13 people after a car lost control

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. Off the coast of Mannar, a collision between two fishing boats resulted in the death of a 55-year-old fisherman from Pesalai

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Environment2 stories

The Department of Meteorology forecasts continued unsettled weather, with rain or thundershowers expected after 1:00 PM today in the Western, Sabaragamuwa, Southern, Central, Uva, and North Western provinces. Fairly heavy rainfall over 50mm is possible in some areas, including Galle, Matara, Kandy, and Nuwara Eliya districts

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. This comes as the sun completes its period of being directly overhead Sri Lanka, with its zenith on April 15th over northern towns like Thellippalai and Vasavilan around 12:10 PM

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Education1 story

Following the conclusion of the first school term, all government and government-approved private schools are currently on holiday for the Sinhala and Tamil New Year. The Ministry of Education has confirmed that the second term will commence on Monday, April 20th, and is scheduled to continue until July 24th

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