Bangladesh Limits Fuel Sales Amid Regional Supply Fears
Bangladesh set daily fuel limits for vehicles to curb panic buying caused by Middle East conflict. Officials say imports continue despite regional supply risks.
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Bangladesh has implemented strict daily limits on fuel sales following a surge in panic buying and hoarding triggered by escalating conflict in the Middle East. The decision comes as airstrikes involving the United States and Israel against targets in Iran, along with retaliatory actions, have disrupted oil shipments through the Strait of Hormuz. These geopolitical tensions have caused significant volatility in global energy markets, impacting the price of Brent Crude Oil.
