Rising tensions between Iran and Israel have triggered sharp surges in global energy prices, placing Bangladesh's economy under mounting pressure. Following Israeli attacks on Iranian facilities, global oil prices leapt by 7-11%, reaching their highest levels in a month. For Bangladesh, highly reliant on imported fuel and LNG transported via the Strait of Hormuz, such spikes translate into real hardship.
Alauddin Mohammad, Joint Member Secretary and International Affairs Representative of Jatiya Nagorik Party (NCP), told The Daily Observer that the crisis in the Middle East is "a matter of grave concern" for nations like Bangladesh.
Bangladesh, a Muslim-majority nation with a long-standing commitment to neutrality among global powers, faces mounting challenges as conflict intensifies. Over 60 per cent of Bangladesh's imported LNG passes through the Strait of Hormuz - a region at the heart of recent clashes. Alauddin noted, "Energy prices are already rising due to the tensions. If global instability continues, countries like ours, already vulnerable to economic shocks, will suffer the most."
Despite maintaining diplomatic ties with Muslim nations, Bangladesh also aligns itself with peacekeeping efforts as a UN member. Alauddin emphasised, "Our nation has always tried to avoid being caught in the middle of global power rivalries. Our policy is guided by the goal of building a peaceful world without nuclear threats." Strongly criticising Israel's recent strikes on Iran, the NCP leader labelled them as clear violations of international law. "This kind of unprovoked aggression must be stopped. It goes against international agreements and undermines global peace efforts," he said, urging world leaders to work towards de-escalation.
The collapse of the nuclear disarmament deal between the US and Iran has further fuelled regional instability. According to Alauddin, Iran now finds itself under extreme pressure. "In the face of continued Israeli aggression, Iran sees nuclear armament as a last resort for survival," he warned, adding that diplomatic talks with the West are now in jeopardy.
Alauddin also outlined Bangladesh's vulnerable position in such conflicts. "We are not equipped to withstand war-driven disruptions. Road blockades, fuel price hikes, and inflation caused by external wars directly threaten our economy and people's lives."
