The ongoing conflict in West Asia has begun to severely disrupt global energy markets, impacting international supply chains and triggering economic concerns worldwide. The crisis has hit import-dependent nations particularly hard, with Bangladesh facing acute pressure as it relies on imports for nearly 95% of its domestic fuel requirements.
Amid a deepening power and fuel crisis, the government led by Prime Minister Tarique Rahman has rolled out a series of emergency measures to conserve energy. Office working hours across both government and private sectors have been reduced to 9 AM–4 PM, while banking services have been restricted until 3 PM.
The restrictions have also extended to commercial establishments, with shopping malls and markets ordered to shut by 6 PM. Essential services, including healthcare and food outlets, have been exempted. Additionally, the government has announced a 30% cut in fuel and electricity consumption across official departments to manage limited resources.
In a bid to contain the economic fallout, authorities have imposed a temporary ban on the purchase of new vehicles, aircraft, and ships. The use of decorative lighting at public events has also been prohibited. These measures are aimed at reducing pressure on the national exchequer and ensuring that available energy resources are directed toward essential services.
With the crisis intensifying, Bangladesh is seeking $2.5 billion in financial assistance from international institutions and has turned to India for immediate fuel support. India has already supplied an additional 5,000 tonnes of diesel in response. Meanwhile, other South Asian nations such as the Maldives and Sri Lanka are also looking toward India for energy security, raising concerns over broader regional economic instability if the conflict persists.