16th March 2026
EP Report

Bangladesh’s energy security remains heavily tethered to the stability of the Strait of Hormuz, a strategic maritime gateway connecting the Gulf and global markets, as more than half of the country’s liquefied natural gas (LNG) imports passed through this critical chokepoint in 2025.

An Iranian Revolutionary Guards senior official said on Monday that the Strait of Hormuz is closed and Iran will fire on any ship trying to pass, Iranian media reported.

The statement marks Tehran's most explicit warning since it announced the closure of the export route on Saturday. The move threatens to choke a fifth of global oil flows and send crude prices sharply higher.

Qatar and the United Arab Emirates (UAE) accounted for over 50 percent of Bangladesh’s total LNG supplies last year, according to data from Kpler Insight and Wood Mackenzie.

In 2025, Bangladesh sourced approximately 3.6 million tonnes of LNG from the Middle East, with Qatar serving as the primary exporter.


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