Bangladesh could face mounting energy and ?nancial 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 Lique?ed Natural Gas (LNG), crude oil, and Lique?ed 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 of?cially 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.