As tensions persist, the world watches closely, aware that even minor escalations could have far-reaching consequences. The Strait of Hormuz, long recognised for its strategic importance in energy markets, is now emerging as a critical node in the global food supply chain.
In its policy brief released on Monday, the UNDP described the conflict as “development in reverse”, cautioning that even a fragile ceasefire may not prevent long-lasting economic damage.
The world has faced oil shocks before. This one, Birol made clear, is different – deeper, wider and more dangerous. How governments respond in the coming weeks will determine whether the pain remains temporary or becomes a lasting scar on the global economy.
The market’s verdict has been swift and unforgiving. Brent crude futures rocketed to $119.50 per barrel – the highest since mid-2022 – while West Texas Intermediate (WTI) hit $119.48, capping a blistering 25 per cent surge in days.
The Ministry of Women and Children Affairs continues to insist that recruitment will be completed “shortly.” Until then, 373 unpaid workers remain the thin line between Bangladesh’s formal commitment to protect survivors of rape and the practical reality of a system under severe strain.
The Ministry of Women and Children Affairs continues to insist that recruitment will be completed “shortly.” Until then, 373 unpaid workers remain the thin line between Bangladesh’s formal commitment to protect survivors of rape and the practical reality of a system under severe strain.