Bangladesh could face mounting energy and financial pressures amid rising tensions between the United States and Iran, with concerns growing over possible disruptions in the Strait of Hormuz, a key route for the country’s energy imports.
With 65-70 percent of the nation's energy demand met through imports—primarily Liquefied Natural Gas (LNG), crude oil, and Liquefied Petroleum Gas (LPG)—sector experts warn that a prolonged regional war could paralyze the economy.
The Strait of Hormuz is the world’s most vital oil transit point. Reports indicate that Iran’s Revolutionary Guard has begun transmitting radio warnings that vessels may be barred from the passage.
If the Strait is officially closed, international research agencies forecast that crude oil prices could surge to between USD $95 and $110 per barrel. For Bangladesh, this is a direct threat.
The disruption of this supply chain is expected to trigger a domino effect across several sectors.
