The Dhaka Chamber of Commerce & Industry (DCCI) has expressed serious concern over the potential economic impact on Bangladesh arising from the escalating geopolitical tensions and military confrontation involving the United States, Israel and Iran.
In a statement, the chamber said the conflict is already creating turbulence in the global energy market, trade routes and financial systems. As a highly import-dependent economy, Bangladesh remains particularly vulnerable to external shocks stemming from such geopolitical crises.
DCCI noted that the conflict has significantly destabilised global energy markets and maritime commerce. International oil prices have surged beyond $100 per barrel, driven largely by supply disruptions in the Middle East, a region that accounts for a substantial share of global oil and liquefied natural gas (LNG) exports.
The chamber warned that the continued rise in global oil prices could place severe pressure on Bangladesh’s external sector. According to DCCI estimates, every $10 increase in global oil prices may raise the country’s monthly import bill by around $70–80 million, further widening the trade deficit.
In addition to higher energy costs, the conflict has also disrupted major global shipping routes, particularly the Strait of Hormuz, through which nearly 20 per cent of the world’s oil and gas supply passes. Any prolonged disruption in this route could significantly increase freight charges, insurance costs and delivery times for Bangladesh’s imports and exports.
Export-oriented industries, especially the country’s ready-made garment sector, may face higher logistics costs, supply chain delays and elevated shipping risks. DCCI also noted that Bangladesh’s exports have already been under pressure over the past seven months due to domestic political and economic challenges.
Despite global uncertainty, the chamber acknowledged some short-term relief in the country’s energy supply situation. Recently, more than 10 vessels carrying LNG, LPG, diesel and other fuels arrived at Chattogram Port, helping stabilise immediate fuel supplies.
However, DCCI cautioned that the overall situation remains highly unpredictable. If the conflict escalates further, Bangladesh could face a range of macroeconomic pressures, including rising fuel and electricity generation costs, higher inflation driven by increased transportation and production expenses, strain on foreign exchange reserves and potential disruptions to remittance flows from the Middle East.
In light of these risks, the chamber urged the government to adopt proactive policy measures to safeguard the economy. These include building strategic fuel reserves, diversifying energy import sources, ensuring smooth supply chain logistics and strengthening coordination between government agencies, financial institutions and the business community.
DCCI also emphasised the importance of diplomatic efforts to promote global peace and stability, warning that prolonged geopolitical conflicts could pose serious threats not only to global trade but also to the economic stability of developing countries such as Bangladesh.