The Western allies trying to negotiate a way to protect the Strait of Hormuz for energy shipping face a stark reality: a similar effort in the Red Sea that started years earlier cost billions of dollars and ultimately failed against Yemen's Houthis

The Bangladesh Association of Pharmaceutical Industries (BAPI) will organise two expos from March 29-31

Bangladesh is not directly involved in the Iran conflict, but its effects are already visible—from Dhaka’s upscale areas to rural petrol pumps.

In a bid to secure supply, the government has confirmed the purchase of seven LNG cargoes from the spot market since the beginning of the US-Israel war on Iran

Iran continues to halt almost all shipping through the Strait of Hormuz, the chokepoint that carries about 20 percent of global oil and liquefied natural gas supplies.

US ​national average retail gasoline prices have climbed about ​84 ⁠cents a gallon since the US and Israel attacked Iran

Brent dipped 0.8 percent, though it was still holding above $102

The new US investigations do not, in themselves, raise tariffs, but they are a reminder that Dhaka remains vulnerable to legal and political trade pressure despite the recent bilateral agreement.

The crisis has forced the cancellation of over 600 Middle East-bound flights from Bangladesh

Oil loading at the UAE's port of Fujairah was at least partly halted on Tuesday

Economists have warned that surging diesel prices could slow global economic activity

The advances pared some of the previous day's sharp losses that came after the head of the IEA said more stockpiles could be tapped if needed

The roadmap targets coordinated reforms across four key agencies

Asia is particularly at risk, with much of the region highly dependent on Gulf oil shipped via the Strait of Hormuz

The latest round of investigations "is extremely unilateral, arbitrary and discriminatory", it said

Brent crude futures climbed $1.27, or 1.2%, to $104.41 a barrel by 0400 GMT

The Fed will start its two-day meeting on Tuesday

No possibility of a commodity price hike either, he said at an Iftar and Eid gift distribution ceremony in Sylhet

For Bangladesh, these moves are more than distant geopolitical gestures

With more dollars needed to purchase oil, the greenback has appreciated by around 2.5 percent since the start of hostilities