US-Iran tensions
Experts flag possible energy pressure for Bangladesh amid US-Iran tensions
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 country relies on this specific maritime route for:
LNG: 55 percent of total imports (mainly from Qatar and Oman).
Crude Oil: 20 percent of annual demand (sourced from Saudi Arabia and UAE).
LPG: Almost 100 percent of supply is Middle East-centric.
How Bangladesh Will Be Affected
The disruption of this supply chain is expected to trigger a domino effect across several sectors.
Severe Power Shortages: As Qatar is a primary source of gas for power plants, any disruption in LNG shipments will lead to widespread load-shedding during the upcoming peak summer season.
Gas Crisis: Professor M. Tamim, an energy expert and Pro-VC of Independent University, warned that "a continued war will spike oil prices and disrupt Qatar's LNG supply, creating a grave gas crisis."
LPG Scarcity: The domestic market, which requires 1.2 lakh tonnes of LPG monthly, is already facing a shortage. A supply chain break would cause prices to skyrocket and supplies to vanish.
Economic Strain: Rising global oil prices will put immense pressure on Bangladesh's foreign exchange reserves and increase the cost of living.
Dr. Ijaz Hossain, Professor and Dean of Engineering, Specialization Energy and Environment of BUET told UNB that energy supply from the Middle East will be severely disrupted if the war prolonged.
“Impact of this both energy supply and electricity generation in Bangladesh would be affected vastly as there is no immediate alternative. The national storage capacity is small for our country,” he added.
Despite the looming threat, the Bangladesh Petroleum Corporation (BPC) maintains that refined oil supplies are "safe" until June, as they are sourced from Malaysia, China, and Singapore, bypassing the Strait of Hormuz. However, the BPC Chairman, Md. Rezanur Rahman, admitted they are "closely monitoring" the crude oil situation.
Petrobangla Director (Operations) Engr. Md. Rafiqul Islam echoed these concerns, stating that while they are monitoring the situation 24/7, a closure of the Qatari shipping route remains a major cause for anxiety.
Energy Minister Iqbal Hassan Mahmood, has called an emergency meeting to discuss the crisis. "We are monitoring the situation and planning to explore alternative import sources to ensure Bangladesh does not fall into an energy vacuum," the Minister told reporters.
Industry leaders, including East Coast Group Chairman Azam J. Chowdhury, have urged the government to establish advanced communications with alternative suppliers like Indonesia and Malaysia to mitigate the risk.
3 days ago
UK pulls Tehran embassy staff amid rising US-Iran tensions
The United Kingdom has temporarily withdrawn staff from its embassy in Tehran as escalating tensions between the United States and Iran raise security concerns across the Middle East.
In a statement, the UK Foreign Office said the embassy in Iran’s capital would continue its operations remotely, without providing details on how long the withdrawal would last.
The move comes as several countries issue warnings to their citizens in the region. The US Embassy in Israel has advised some non-essential staff that they may leave the country, according to media reports. US Ambassador to Israel Mike Huckabee was quoted as urging staff wishing to depart to do so immediately.
The developments follow indirect talks held a day earlier between Washington and Tehran, widely viewed as a last-ditch effort to prevent a military confrontation over Iran’s nuclear programme.
Several other countries, including China, India and Canada, have also urged their nationals to leave Iran as soon as possible amid fears of potential hostilities.
Donald Trump has warned of possible military action if Iran fails to reach a deal on its nuclear activities. He has ordered what officials describe as the largest US military build-up in the Middle East since the 2003 US-led invasion of Iraq. Iranian authorities, meanwhile, have vowed to respond forcefully to any attack.
US Vice-President JD Vance told the Washington Post that military strikes remain an option, but said there was “no chance” of the United States entering a prolonged war.
Mediator Oman said Thursday’s indirect negotiations in Geneva produced “significant progress” and that further talks would be held soon. While Washington has yet to comment officially, Tehran has also described the discussions as yielding positive results.
The growing uncertainty has heightened concerns across the region, with diplomatic missions reviewing security arrangements and governments closely monitoring developments related to the standoff between the United States and Iran.
With inputs from BBC
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EU labels Iran’s IRGC terrorist as tensions with US and Tehran escalate
The European Union has officially designated Iran’s Islamic Revolutionary Guard Corps (IRGC) as a “terrorist organisation,” a move praised by EU officials and strongly condemned by Tehran amid rising US-Iran tensions.
EU foreign policy chief Kaja Kallas announced that the decision followed a meeting of European foreign ministers, calling the designation “necessary” to hold the regime accountable for its violent suppression of domestic protests. European Commission President Ursula von der Leyen described the action as “long overdue” and expressed solidarity with the Iranian people’s struggle for freedom.
Iran reacted sharply. Foreign Minister Abbas Araghchi termed the EU’s decision a “publicity stunt” and a “strategic mistake,” accusing Europe of selective outrage by ignoring Israeli actions in Gaza while targeting Iran. The Iranian armed forces warned that the move violates international law and could have serious consequences for European policymakers.
Tehran also announced planned live-fire naval exercises in the Strait of Hormuz next week, signaling readiness for “immediate and powerful” response to any potential attack. Meanwhile, Pakistan’s Prime Minister Shehbaz Sharif and Iranian President Masoud Pezeshkian stressed dialogue and diplomatic engagement to maintain regional peace during a recent phone call.
The IRGC, founded after the 1979 Iranian Revolution, operates alongside Iran’s regular military under Supreme Leader Ayatollah Ali Khamenei, overseeing ballistic missile and nuclear programs, and supporting regional proxy groups. The US first designated the IRGC a foreign terrorist organisation in 2019. Analysts say the EU move intensifies Iran’s already high-stakes geopolitical position, as the country faces growing Western pressure and regional instability.
With inputs from ALJAZEERA
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