Economy

Bangladesh's largest LNG supplier, Qatar, has halved scheduled energy deliveries this year due to conflict-related disruptions in the Strait of Hormuz, pushing Petrobangla toward alternative source options.

The Bangladesh Energy Regulatory Commission (BERC) has reduced jet fuel prices for July, cutting domestic rates by over Tk19 per litre and international rates to $0.8556 per litre.

Factory closures in Gazipur expose a deeper national crisis in Bangladesh’s garment-led export economy, raising fears over jobs, investment and competitiveness.

In a sweeping move to upgrade public infrastructure, Tamil Nadu Chief Minister Vijay has mandated that all future government bus acquisitions must be air-conditioned. Transport Minister Parthiban announced the directive on Sunday, following the recent launch of a Rs 1.27 billion eco-friendly fleet of diesel and CNG buses across the state.

Global oil prices have tumbled backward, erasing all risk premiums built up during the recent Middle East conflict. With US Energy Secretary Chris Wright confirming that shipping volumes through the strategic Strait of Hormuz have almost completely normalized, and Iran preparing to boost exports under temporary sanctions relief, both major crude benchmarks hit their lowest levels in months.