Sri Lankan buyer paid $286 for barrel of oil, as actual prices diverge from markets
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Source: Middle East Eye
Published: 2026-04-16 07:46 UTC+10:00
Section: General
Factuality Score: 95
Opinion Category: Neutral
Topics: Business, Middle East, Military & Defence, Iran, Energy, Economy & Finance, China, Sri Lanka, World News, Business & Economy, War & Conflict, Asia Pacific
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Snippet:
The price paid for a barrel of oil in Asia has reached as high as $286 in at least one case, as a result of the US-Israeli war on Iran, Georges Elhedery, the CEO of HSBC Bank, said at an investment forum in Hong Kong on Tuesday.
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