Sri Lanka Update 14 July, 2022

In the space of one week Sri Lanka has turned into a real-life reality TV show. If the situation weren’t so dire for Sri Lankans, I’d dare label the situation there as quality entertainment. Unfortunately, living conditions on the island continue to deteriorate as the political situation grows increasingly muddled. Even more alarming is the frail state of Sri Lankan society. Make no mistake about it, the island nation is on the verge of a complete collapse.

Sri Lankan President Gotabaya Rajapaksa’s aircraft has landed in Singapore. After departing Colombo, Rajapaksa flew to the Maldives before winging his way east. There are reports surfacing that Jeddah will be his next destination. The purpose behind his tour could be to garner international support for an effort to remain in power. The president has not submitted a letter of resignation as promised, meaning he is still the rightful leader of Sri Lanka. Parliament is moving to strip him of his presidential powers though. The appointment of Prime Minister Ranil Wickremesinghe as acting president only made the situation worse and incensed protesters. His office was taken over by protesters, leading to a number of clashes between security forces and civilians. A state of emergency was declared, as well as a curfew. Right now, Colombo has settled into an uneasy calm. Protesters have withdrawn from the presidential residence and Wickremesinghe’s office but remain in the president’s office.

Until the political situation stabilizes, negotiations between the government and the IMF are on hold. An agreement with the IMF is essential to lay the groundwork for an economic recovery. However, as it stands right now, there will be no progress made on this front until the vacant presidency seat is filled and calm returns to Sri Lanka. It could be a long time until that happens as the island nation remains in turmoil without an end in sight.

Iranian Involvement Suspected In Monday’s Oil Tanker Attack

Monday’s attack on a Singapore-flagged oil tanker docked at the Saudi Arabian port of Jeddah is raising fears of more attacks on Saudi Arabia’s oil infrastructure as US-Iranian tensions continue to mount. Although no nation, or group has yet taken responsibility for the attack on the BW Rhine, Iran is viewed as the instigator as the attack was likely carried out by the Yemen-based Houthi rebels, an Iranian proxy group. The tanker was struck by a small boat carrying explosives causing blast damage and a fire on board. The attack has temporarily closed the Saudi port and brought on concern about the safety of oil tankers in the Red Sea.

Iran is thought to have played a role in the attack. The recent assassination of nuclear scientist  Mohsen Fakhrizadeh, coupled with the declining health of Supreme Leader Ayatollah Ali Khamenei, and other regional setbacks are forcing Iran to demonstrate it is capable of striking back at US and Saudi interests in the region. The above-mentioned events supply Iran with motive while the Houthis provided means. It is by no means a clear cut indication of guilt, however, all signs do seem to be pointing towards Iran.