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Fuel prices will be revised with effect from midnight today (31).

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The Ceylon Petroleum Corporation and Lanka IOC have announced that their retail fuel price will be revised from midnight today (31)

Accordingly the new retail price of fuel (per liter) will be,

Octane 92 petrol – Rs. 318
Octane 95 petrol – Rs. 385
Lanka Super Diesel – Rs. 340
Lanka Kerosene – Rs. 245
Lanka Industrial Kerosene – Rs. 270



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What the Trump-Iran agreement says about Lebanon, Hormuz and Uranium

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Iran's President Masoud Pezeshkian showing the memorandum of understanding he signed to end the war, June 18, 2026 (Aljazeera)

The United States provided details of the 14-point memorandum of understanding it reached with Iran on Wednesday.

Neither has released a physical copy, but a US official read out the text during a call with reporters on Wednesday. Iranian officials have yet to confirm the US version of the text.

The account is the clearest yet from the administration of US President Donald Trump on the deal, which had been scheduled to be signed in a ceremony in Switzerland on Friday, but which Trump signed in Versailles on Wednesday. However, it leaves a large number of questions unanswered, experts say.

We break down what the 14-point agreement says about issues that have emerged as major sticking points during peace negotiations between the US and Iran.

The first clause of the MoU states that the US and Iran have agreed to the “immediate and permanent termination of military operations on all fronts, including in Lebanon”.

Additionally, the memorandum adds that both sides will commit to ensuring the “territorial integrity and sovereignty of Lebanon”.

However, it makes no mention of Israel, which currently occupies one-fifth of the country and has subjected Lebanon to near-daily strikes since early March, killing at least 3,000 people and displacing more than one million from their homes.

Given that the agreement is solely between the US and Iran – Israel and the Lebanese group Hezbollah it is at war with are not signatories – it is unclear how a ceasefire in Lebanon would be implemented, or whether it means Iran must stop funding Hezbollah. In fact, Iran’s support for proxy groups around the region generally is not mentioned in the agreement.

Israel has stated several times this week that it will not withdraw from Lebanon.

On Monday, Defence Minister Israel Katz said in a statement: “Prime Minister Benjamin Netanyahu and I are pursuing a clear policy under which the [military] will remain in the security zones in Lebanon, Syria and Gaza for an unlimited period of time in order to protect the border and Israeli communities from there against jihadist elements”.

Lebanon has been a key sticking point during negotiations. Tehran has repeatedly signalled that an end to Israeli military operations in Lebanon is a prerequisite for any broader peace deal.

The US and Iran met in Pakistan in April for the first direct talks between the two sides since the 1979 Islamic revolution in Iran. Ahead of these talks, Iranian Parliament Speaker, Mohammad Bagher Ghalibaf, publicly stated that for Iran, a ceasefire by Israel in Lebanon and the unfreezing of Iranian assets abroad were non-negotiables for Tehran. Iran has not wavered from this red line.

On April 16, Trump announced  that Israel and Lebanon had reached a 10-day ceasefire to allow negotiations for a more permanent security and peace agreement to continue. That came after six weeks of fighting between Israel and Hezbollah.

Despite the ceasefire, Israel has continued attacks and advances in Lebanon even throughout this week, after Washington and Tehran signalled they were close to a deal.

INTERACTIVE - Israel south lebanon bint jbeil map-1777363494
(Al Jazeera)

The MoU states in its second paragraph that the US and Iran will “undertake to respect each other’s sovereignty and territorial integrity, and to refrain from interfering in each other’s internal affairs”.

This appears to suggest that the Trump administration has relinquished any hopes of forcing regime change in Iran. In recent weeks, Trump has made attempts to distance himself from this aim in an apparent face-saving exercise.

At the G7 summit in France this week, Trump said that he “never cared about regime change” anyway, but also reiterated his claim that the assault on Iran has resulted in regime change, even though the clerical government is still firmly in place.

“You talk about regime change. I never cared about regime change. It [was] never a part.”

However, on February 28, when the US and Israel launched the first strikes on Tehran, Trump suggested that one of the aims was to force regime change. In a social media post addressed to the Iranian people, he wrote: “The hour of your freedom is at hand.”

“When we are finished, take over your government. It will be yours to take. This will be probably your only chance for generations.”

The fourth paragraph of the agreement states that the US “will begin the removal of its naval blockade” and “will fully end the naval blockade within 30 days”. It also states that the US “undertakes to remove its forces within 30 days after the final deal”.

The fifth point of the agreement states that Iran will make “its best efforts for the safe passage of commercial vessels with no charge for 60 days only from the Persian Gulf to the Sea of Oman, and vice versa … Iran will conduct dialogue with the Sultanate of Oman to define the future administration and maritime services in the Strait of Hormuz”.

The issue about control of the strait has been another major sticking point in peace negotiations between the US and Iran, which sees it as its most important piece of leverage.

Soon after US-Israeli strikes began, Iran closed the strait to shipping.

In April, the US began a corresponding naval blockade  on Iranian ports, further adding to the disruption of global oil and gas supplies.

Iran has allowed the passage of a few vessels from select countries through the strait at times during the conflict, but shipping companies have been required to negotiate transit with the Islamic Revolutionary Guard Corps (IRGC) – with some understood to have paid tolls of as much as $2m per ship. In the meantime, insurance premiums for ships in the strait have soared or been withdrawn altogether and many shipping operators will be unwilling to risk the voyage before there are guarantees that mines have been removed.

In its previous proposals to end the war, Iran has referred to charging transit tolls for vessels. Washington and other countries have repeatedly rejected the prospect.

Under international maritime law, it is not permissible to charge tolls for passage in natural straits such as Hormuz, however, adjacent countries may charge fees for services such as insurance or docking.

The 14-point agreement makes little reference to this, and on Wednesday Iran’s lead negotiator Ghalibaf said the “Strait of Hormuz will not return to pre-war conditions” and Iran will “receive a fee for services” to shipping.

INTERACTIVE - IRGC releases map of control over Strait of Hormuz - May 5, 2026-1777975253
(Al Jazeera)

In the eighth clause of the agreement, Iran “reaffirms that it shall not procure or develop nuclear weapons”.

It also states that the US and Iran “have agreed to resolve the disposition of stockpiled, enriched material pursuant to a mechanism that will be mutually agreed upon … with the minimum methodology to be down-blending on site under the supervision of the IAEA”.

Iran’s Uranium enrichment  programme has also been a major bone of contention between the US and Iran.

Although Iran has consistently stated in the past that it does not intend to build a nuclear weapon, it has insisted on the right to develop a nuclear power programme. However, Iran is believed to have an estimated 440kg (970lb) of uranium enriched to 60 percent, short of the 90 percent required for weapons-grade material, but at the point at which it becomes much quicker to reach 90 percent. This is far higher than the three to 5 percent required for generating nuclear power.

The US and other Western countries say they believe Iran is preparing to have the capacity to build nuclear weapons.

While the US has been calling for Iran to hand over its stockpile of enriched uranium to it, Iran has stated consistently that it will not do this – although it has, at times, appeared willing to consider the prospect of handing it over to a third country. Last week, it was reported that Iranian Supreme Leader Mojtaba Khamenei had issued a directive that Iran’s enriched Uranium should not be sent abroad at all.

This clause in the agreement appears to suggest the US may agree to Iran diluting its stockpile back to nuclear power levels rather than handing it.

Downblending, which would most likely be carried out under the supervision of the International Atomic Energy Agency (IAEA), is an irreversible process.

Since the war on Iran began, it has also emerged that on February 26, during informal negotiations with the US in Geneva two days before the US and Israel launched attacks on Iran, Tehran had already offered to downblend the stockpile from 60 percent enrichment to 3.67 percent.

INTERACTIVE - How long does it take to enrich uranium_updated-1776865509

The term “reparations” is not mentioned.

However, the sixth clause of the agreement states that the US “undertakes with regional partners to develop a definitive, mutually agreed plan with at least $300bn for the reconstruction and economic development of the Islamic Republic of Iran. All required licenses, waivers and permissions needed for the relevant financial transactions will be granted by the United States of America”.

butions from Gulf countries for this, and insisted that US taxpayers will not foot the bill.

The Gulf countries, which are seen as the “regional partners” mentioned in the agreement, have not commented.

The seventh clause deals with sanctions. It states that the US “undertakes to terminate all types of sanctions against Iran in an agreed-upon schedule as part of the final deal”.

However, it does not specify if this relates to US sanctions only, or also to UN-mandated sanctions.

Iran is one of the most heavily sanctioned  countries in the world, having been subject to US sanctions for decades. The lifting of some secondary sanctions under the 2015 nuclear agreement reached by the former Obama administration with Iran and a number of other countries was reversed when Trump withdrew the US from the landmark deal during his first term in 2018.

Billions of dollars of Iranian assets remain frozen in foreign banks as a result. Iran has stated consistently that it needs this money to rebuild following the war

(Aljazeera)

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Scotland face West Indies with a chance to reopen World Cup wounds

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Scotland captain Kathryn Bryce is in good form with both bat and ball [Cricinfo]

Scotland take on West Indies in Leeds at 18:30 local time (17:30 GMT) in Group 2 of the Women’s T20 World Cup 2026.  Both teams won their opening matches in this competition – Shemaine Campbelle’s unbeaten 90 aided by New Zealand’s dropped catches saw West Indies emerging victorious, while a strong all round performance from Scotland brushed aside Ireland.

Scotland and West Indies have played each other only three times across formats – their lone T20I meeting coming at the last World Cup. Crucially, though, Scotland dealt West Indies perhaps their biggest blow in recent times with their win in the Women’s ODI World Cup Qualifier last year. Scotland staved off an all-round show from Hayley Matthews to eke out an 11-run win, denying West Indies a chance to qualify for the ODI World Cup last year.

Coming on the back of a comfortable win, expect Scotland to go in unchanged.

Scotland (probable XI): Darcey Carter, Katherine Fraser, Kathryn Bryce (capt),  Sarah Bryce (wk),  Ailsa Lister, Megan McColl, Priyanaz Chatterji, Rachel Slater,  Chloe Abel,  Kirstie Gordon,  Gabriella Fontenla

West Indies head coach Shane Deitz had said that Chinelle Henry was close to playing their opening game. If fit, she can add heft to their lower-middle order as well as the bowling department.

West Indies (probable XI): Qiana Joseph, Hayley Matthews (capt),  Shemaine Campbelle (wk),  Deandra Dottin,  Jahzara Claxton/Chinelle Henry,  Jannillea Glasgow,  Aaliyah Alleyne, Zaida James,  Shawnisha Hector,  Afy Fletcher, Karishma Ramharack

Players to watch:

Kathryn Bryce: The Scotland captain had a big role to play in their first win at this T20 World Cup. She scored a rapid half-century and picked up two wickets against Ireland. Bryce has picked up at least one wicket in 11 of the 12 T20Is she has played this year, apart from being consistent with the bat. Her experience of playing regularly in England’s domestic circuit could be key for Scotland against West Indies.

Deandra Dottin: She was at her brutal best in the last iteration of the T20 World Cup (strike rate 165.54, average 39.4, 12 sixes) but since the start of 2025, Dottin has only one T20I half-century at a strike rate of 122.84. Dottin had scored an unbeaten 15-ball 28 the last time she faced Scotland. Can she find her mojo back against them?

While Australia’s bowlers bulldozed Bangladesh, India’s batters made merry to show the batting-friendly nature of the surface in Leeds. Weather wise, the evening is likely to become cooler, with temperatures ranging from 19 to 22 degrees Celsius. There is no forecast of rain, even though it grew slightly overcast towards the start of Netherlands’ innings on Wednesday.

[Cricinfo]

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Moscow hit by largest Ukrainian attack since start of Russia’s full-scale war

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Moscow has come under the largest Ukrainian attack since the start of the full-scale war, with close to 200 drones hitting targets around the Russian capital and setting columns of thick smoke billowing high into the sky.

Seventeen people were wounded in the Moscow region, according to local governor Andrei Vorobyov.

Almost 1,000 drones and four Ukrainian cruise missiles were intercepted and destroyed across the country in 24 hours, Russia’s defence ministry was quoted as saying. An oil depot was struck in the southern Rostov region, where one person was killed.

Volodymyr Zelensky said Kyiv had once again hit the Moscow region with “long-range sanctions” – a euphemism for Ukrainian long-distance strikes on Russia.

“It’s time to end this war, and Russia must take the necessary steps in diplomacy,” he added.

He said the massive drone strike was in response to last week’s Russian attack on Kyiv, which set a major religious landmark ablaze.

“We don’t want this war and have never wanted it,” Zelensky said. “But if Ukraine burns, your Moscow will burn too.”

Fires broke out as the Kapotnya refinery in south-east Moscow was hit for the third time in a month and the second time this week, colouring the sky black with smoke. Numerous videos showed the lid of a large oil storage tank blown dozens of metres into the air by the force of an explosion.

A nearby shopping centre was also burning, reportedly after drone debris fell on the building, and several residential high-rise blocks were evacuated.

Moscow’s four airports were temporarily shut and more than 500 flights were cancelled or delayed.

Although local authorities across Russia have banned publication of images of the aftermath of drone strikes, dozens of videos were posted on social media showing drones flying across the sky in broad daylight and explosions over industrial areas on the outskirts of Moscow.

Four and a half years since Moscow launched its full-scale invasion of Ukraine, the war of attrition on the front line in Ukraine grinds on, out of sight for many ordinary Russians.

Kyiv’s long-range strikes on targets across Russia as well as Moscow and St Petersburg are an indication of Zelensky’s aim of “bringing the war home” to Russians.

Drone attacks on Moscow – about 500km (310 miles) from the Ukrainian border – have become more frequent as Kyiv has developed its long-range capabilities. Ukraine’s first successful drone strikes reached the Russian capital in spring 2023, although they were sporadic and rarely involved more than a handful of drones.

Since then, extensive air defences have been set up around Moscow – but the number of drones used by Ukraine in its attacks has also multiplied and some have penetrated those defences.

Meanwhile, Russia launched more than 200 drones and multiple ballistic missiles at Ukraine overnight, Kyiv said.

Vladimir Putin, who is hosting southeast Asian leaders for a summit in the central city of Kazan, has not commented on the large-scale attack on the Russian capital.

Writing on X, Ukrainian Foreign Minister Andriy Sybiha said: “One of the most popular questions asked by Muscovites this morning is ‘What is going on?'”

“I can answer. Your country started a war of aggression against ours. For years, it has been killing our people,” Sybiha wrote.

“Now that you know what’s going on, ask Putin when he is planning to end it.”

[BBC]

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