Bangladesh fuel crisis worsens in wake of US-Israel war on Iran
Strait of Hormuz disruption chokes global oil flows, triggering shortages, panic buying and long fuel queues across Bangladesh
DHAKA, Bangladesh (MNTV) — Fuel shortages across Bangladesh are intensifying as global oil supply disruptions linked to the ongoing U.S.–Israel war on Iran ripple through import-dependent economies, triggering panic buying and long queues at petrol pumps.
Petrol stations across the country are struggling to meet demand, with limited daily allocations from oil companies forcing some pumps to halt sales early. Workers are operating under continuous pressure, with concerns growing that some stations may shut down due to worsening shortages and security risks.
According to local media reports, motorists are waiting for hours — in some cases overnight — to access fuel, while many return empty-handed after supplies run out. The situation has fueled anxiety, leading to further panic buying and accelerating depletion of already constrained stocks.
The crisis is directly linked to escalating disruptions in global energy markets following the war involving Iran, the United States and Israel. The conflict has effectively choked one of the world’s most critical oil transit routes — the Strait of Hormuz — through which roughly one-fifth of global oil supply normally passes.
Shipping through the strait has plunged dramatically, with exports from the Middle East falling by as much as 60% and tanker traffic collapsing amid attacks, insurance suspensions and security risks.
Oil markets have reacted sharply, with prices surging above $100 per barrel as supply fears deepen and the prospect of prolonged disruption grows.
Analysts say the shock is particularly severe for countries like Bangladesh, which rely heavily on imported fuel. Around 95% of the country’s fuel oil is sourced from international markets, leaving it highly exposed to global supply shocks and price volatility.
The impact is already visible on the ground.
Fuel rationing, reduced deliveries and logistical bottlenecks have created a cycle of scarcity, where limited supply drives panic buying, further worsening shortages.
To stabilize the situation, Bangladesh is seeking billions of dollars in external financing to secure fuel and liquefied natural gas imports, as authorities attempt to shield the economy from a deepening global energy crisis.
Analysts warn that unless oil flows through the Strait of Hormuz resume and global markets stabilize, the shortages could intensify, affecting transportation, industry and daily life — and potentially evolving into a broader economic crisis.
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