Sri Lanka declares shorter work week over fuel scarcity

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Sri Lanka has declared a shorter work week in response to severe fuel scarcity linked to the blockade of the Strait of Hormuz following a US-Israeli war on Iran. The closure of the strait, which carries around 20% of world oil exports, has disrupted fuel shipments to Asia, with Sri Lanka particularly affected. The measure aims to conserve limited fuel reserves amid the ongoing geopolitical crisis.

Sri Lanka declares shorter work week over fuel scarcity Fears over the scarcity of fuel and the war on Iran's uncertain future has forced Sri Lanka to declare a shorter work week. The move, it is hoped, will conserve its limited fuel reserves as transportation of fuel and other goods through the Strait of Hormuz - which normally carries 20 percent of world exports - remains blocked. In 2024 In 2024 around 84 percent of the 2o million barrels a day crude oil and other condensate shipments moving through the strait went to Asia.