Pakistan, Bangladesh, Sri Lanka face fresh oil shock with stronger buffers
Pakistan, Bangladesh and Sri Lanka face renewed pressure from elevated global oil prices tied to the Middle East conflict, though all three economies now carry stronger buffers than during the 2022 energy shock, when a Sri Lankan sovereign default co
August 17, 2026 (MLN): Pakistan, Bangladesh and Sri Lanka face renewed pressure from elevated global oil prices tied to the Middle East conflict, though all three economies now carry stronger buffers than during the 2022 energy shock, when a Sri Lankan sovereign default coincided with devastating floods in Pakistan, according to a Moody's assessment. Brent crude is expected to hover mostly in a $90-$110 per barrel b...