As of early April 2026, Bangladesh has imposed fuel rationing for vehicles due to declining fuel reserves, a situation exacerbated by the ongoing US-Iran war. The conflict has significantly impacted oil production, leading to a crisis that has forced countries in Asia and Europe to consider similar measures.

On March 4, 2026, reports indicated that Bangladesh’s diesel reserves had fallen to 115,473 tonnes, sufficient for only about nine days of demand. Additionally, the stock of octane in the country had decreased to 28,152 tonnes, enough to cover nearly two weeks of consumption. Despite these alarming figures, Bangladesh’s energy minister, Iqbal Hasan Mahmud Tuku, claimed, “Let me state clearly, there is no fuel shortage in Bangladesh at this moment. In fact, we have increased supply compared to last year.” This assertion contrasts sharply with the experiences of citizens and fuel suppliers.

Fuel rationing has also been adopted by Indonesia, which has capped daily fuel purchases at 50 liters per car. Slovenia followed suit, becoming the first European country to implement similar restrictions. The cumulative oil production losses from the US-Israel war against Iran reached 133 million barrels by mid-March 2026, prompting the European Union’s energy commissioner to acknowledge that fuel rations are being considered as an option to manage energy demand.

Bangladesh, which relies on imports for approximately 95 percent of its energy needs, is seeking more than $2.5 billion in external financing to support fuel and LNG imports. An unnamed official in the Rahman government expressed concern, stating, “The situation is dire. The spot buying is drying up our coffers, but the government can’t help it. We have reserves for less than 10 days.” This sentiment reflects the growing anxiety among citizens and businesses alike.

Experts warn that if the Middle East crisis persists, companies will either have to buy fuel at elevated prices or ration gas and fuel supplies. Miznur Rahman Ratan, joint convenor of Bangladesh Petrol Pump Owners’ Association, described the chaos at fuel pumps, saying, “There is so much chaos at pumps, our workers are getting assaulted by the angry customers who have been forced to return without octane or petrol.”

Details remain unconfirmed regarding the exact duration of the fuel crisis in Bangladesh and the long-term impact of the US-Iran war on global oil supply. The situation remains fluid, with potential implications for energy security across Asia and Europe.

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Britain’s FTSE 100 index closed 0.24% lower on Monday, reflecting a broader trend of declining stock markets amid escalating geopolitical tensions. The index has entered correction territory following its record high in late February, with a notable decline of 2.4% to its lowest level in three months.

The FTSE 100 has experienced an 11% slump from its peak since the onset of the US-Iran war, which has significantly influenced investor sentiment. Today, the index collapsed by nearly 300 points, indicating a sharp reaction to ongoing global events.

RBC Capital Markets has downgraded Antofagasta to underperform, further contributing to the negative market sentiment. Additionally, TotalEnergies saw a decrease of 0.54% after reaching settlement deals with the US Department of the Interior.

The Bank of England has maintained the base interest rate at 3.75% in light of the current economic climate, which has been exacerbated by inflationary concerns due to a dramatic surge in gas prices. The price of gold has also plummeted over the past week, currently sitting at around £3,430.50.

Both the US Federal Reserve and the European Central Bank have paused cuts to borrowing costs, reflecting a cautious approach to monetary policy amid rising inflation. Analysts note that financial markets are firmly in the red as investors react to the intensifying Middle East conflict, with stocks declining across Asia and Europe.

Economically sensitive stocks, particularly in the banking and mining sectors, have been among the biggest fallers on the UK stock market. Daniel Casali, an analyst, remarked on the shifting geopolitical landscape, stating, “The geopolitical landscape has shifted sharply as the US–Israeli confrontation with Iran drags on.”

As the situation develops, analysts remain cautious, acknowledging the risks associated with the current market dynamics. One analyst noted, “Very cognisant that this is a late and relatively risky downgrade given that investors have been primed to buy the dips and may well continue to support the stock or in the remote chance that we actually see a successful ceasefire between the US, Israel, and Iran.”

Details remain unconfirmed regarding the long-term implications of these geopolitical tensions on the FTSE 100 and broader financial markets. Investors will be closely monitoring developments in the region as they assess their strategies moving forward.

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