Nasiruddin Patwari, chief coordinator of the National Citizen Party (NCP), said on Monday, March 23, that he could not obtain fuel despite standing in line for four hours. He shared this experience in a verified Facebook post, highlighting the growing difficulty ordinary citizens face in purchasing fuel amid the ongoing shortage.

On Sunday night, March 22, the Bangladesh Petrol Pump Owners Association warned that petrol stations across the country might shut down at any time due to the fuel crisis. The shortage follows global supply concerns triggered by conflict in the Middle East, which has raised fears of disruptions in energy imports. As panic buying increased, the government imposed limits on the sale of petrol, octane, and diesel starting March 6 to stabilize supply.

The situation underscores the strain on Bangladesh’s fuel distribution system and the growing public frustration as the crisis deepens.

On Monday, oil prices in Asia rose sharply while major stock markets suffered steep declines, driven by escalating conflict between the United States, Israel, and Iran. Brent crude climbed more than one percent to exceed 113.40 dollars per barrel. Japan’s Nikkei index fell 3.5 percent, and South Korea’s Kospi dropped 6.5 percent, reflecting investor anxiety over regional instability.

The turmoil followed warnings from Donald Trump on Saturday that he would destroy Iran’s power plants if the Strait of Hormuz was not reopened. Iran responded that any such attack would trigger retaliatory strikes on key regional infrastructure. Energy consultancy Wood Mackenzie’s chairman and chief analyst Simon Flowers told the BBC that markets were watching closely to see whether these threats would be carried out.

Flowers added that a US strike on Iranian infrastructure would intensify the war further, prompting possible Iranian counterattacks similar to those seen in recent weeks. The heightened uncertainty has left energy and financial markets on edge across Asia.

Bangladesh’s Minister of Power, Energy and Mineral Resources, Iqbal Hasan Mahmud Tuku, announced that the country’s fuel supply remains normal. Speaking at a press conference at his residence on Monday, March 23, 2026, the minister said fuel imports have increased by 25 percent compared to last year. He urged citizens not to panic and to purchase fuel as needed, assuring that everyone will have access to supplies.

Tuku explained that temporary supply pressure occurred because distribution was halted for two days during the Eid holidays. He added that the government continues importing fuel with subsidies to maintain stability. Meanwhile, State Minister for Road Transport and Railways, Habibur Rashid Habib, stated that security will be provided at fuel stations if necessary and that the government successfully prevented attempts to raise prices amid the perceived shortage.

Officials said the earlier concerns about fuel scarcity before Eid have been resolved, and the situation is now under control.

A severe fuel shortage has gripped Nilphamari district, leaving most petrol pumps without supply and forcing drivers and residents into long queues. Only a few stations have limited fuel, with customers restricted to small purchases. Despite the government ending rationing, most pump owners continue to sell under rationing rules. Meanwhile, petrol and octane are being sold at inflated prices in local markets, reaching up to Tk 300 per litre, far above the official rates of Tk 116 and Tk 120.

Motorists and farmers are among the worst affected. Drivers report waiting for hours without success, while farmers face difficulties irrigating their fields during the peak cultivation season. Pump owners say their stocks have run out due to inadequate supply and remain uncertain when normal distribution will resume.

Local authorities have warned of immediate action against illegal hoarding or overpricing. Officials from the Consumer Rights Protection Directorate confirmed that selling fuel above the government-fixed price is illegal, as the crisis continues to disrupt daily life across the district.

International Energy Agency (IEA) Executive Director Fatih Birol has warned that the current global energy crisis poses a greater threat than the oil shocks of the 1970s and the disruptions caused by the 2022 Ukraine war. Speaking at the National Press Club in Canberra on March 23, 2026, Birol said the world economy is facing a major threat as the situation combines two major oil crises and one gas crisis. He urged for a coordinated global response to mitigate the impact, warning that no country would remain unaffected if the crisis continues.

Birol revealed that at least 40 key energy facilities in the Middle East have been severely damaged due to ongoing conflict in the region. To stabilize the situation, the IEA has begun discussions with Asian and European countries about releasing emergency oil reserves. Earlier this month, IEA member states announced a record release of 400 million barrels of oil to curb soaring global prices.

He emphasized that restoring regular supply through the Strait of Hormuz is essential for energy security and confirmed the agency’s readiness to release additional reserves if necessary.

A nationwide fuel shortage has disrupted operations at filling stations across Bangladesh, leading to unrest among customers. The Bangladesh Petroleum Dealers, Distributors, Agents and Petrol Pump Owners Association issued a warning on March 23, 2026, urging station owners to ensure staff safety and maintain order. The association said fuel supply would normalize once banks reopen after the Eid holidays, allowing payment orders to resume.

According to the association, the disruption stems from global supply constraints linked to the Iran war, which has limited fuel availability from depots. The situation has caused long queues and incidents of vandalism and assaults on station staff in several areas. The association’s convener, Syed Sajjadul Karim Kabul, signed a letter advising owners to seek police assistance or take personal safety measures if necessary.

The letter also noted that despite the government lifting fuel rationing on March 15, supply has not yet stabilized. Normal distribution is expected to resume once banking operations restart on Tuesday after the holiday period.

Major Asian stock markets suffered sharp declines on Monday as the ongoing conflict involving the United States, Israel, and Iran intensified. According to Al Jazeera, the sell-off deepened as threats between the warring sides raised fears that the war could drag on. Japan’s Nikkei 225 index fell 4.8 percent at the start of trading, while South Korea’s KOSPI index dropped more than 5.5 percent.

The report also noted volatility in global oil prices. Brent crude slipped about 0.8 percent to 111.25 dollars per barrel, while U.S.-traded crude remained nearly unchanged at 98.18 dollars. The market reaction reflected investor anxiety over the conflict’s potential impact on energy supply and regional stability.

The developments underscored how geopolitical tensions in the Middle East are reverberating through Asian financial markets, with investors closely watching for signs of further escalation or diplomatic intervention.

Local Government, Rural Development and Cooperatives Minister and BNP Secretary General Mirza Fakhrul Islam Alamgir has warned that Bangladesh faces difficult times ahead due to the ongoing war in the Middle East. Speaking on Monday, March 23, in Thakurgaon Sadar upazila after inaugurating the Neha River re-excavation program, he said oil prices are expected to rise, leading to higher commodity costs, and urged people to endure the situation with patience.

He stated that the conflict has disrupted oil supplies but cautioned against vandalizing fuel pumps, promising strict action against any mob violence. Fakhrul added that despite challenges such as crop damage from storms and rain, the government has waived agricultural loans and distributed family cards to support millions of women. He also mentioned that 20,000 canals will be excavated nationwide as part of ongoing development projects.

The minister emphasized that the administration remains committed to completing all promised projects and assisting farmers affected by adverse weather conditions.

Government offices, banks, insurance companies, and courts in Bangladesh will reopen on Tuesday, March 24, following a seven-day public holiday for Eid-ul-Fitr that ends on Monday, March 23. The holiday began on March 17, with Eid-ul-Fitr celebrated nationwide on Saturday, March 21. The stock market and private institutions are also set to resume operations on the same day.

Employees will have only one working day before another break, as Thursday, March 26, marks Independence Day, followed by the regular weekend on Friday and Saturday. This will effectively give workers another three consecutive days off after just one day of work.

Journalists, officers, and staff of newspapers also return to work on Monday after a five-day Eid holiday declared by the Newspaper Owners’ Association of Bangladesh (NOAB) from March 19 to March 23.

A shortage of octane has been reported at several petrol pumps across Dhaka, causing long queues and frustration among motorists. The crisis emerged even after the lifting of fuel rationing, with drivers moving from one station to another in search of octane. Areas including Mohammadpur, Asad Gate, Bijoy Sarani, Paribagh, Motijheel, Rajarbagh, Moghbazar, New Market, Gabtoli, and Mirpur have been affected. The shortage coincides with the end of the Eid holidays, as office-goers return to the capital ahead of government offices reopening on Tuesday.

Fuel marketing companies have claimed that octane reserves and supplies remain adequate, while pump owners argue that depots are not providing enough fuel to match sales. The Bangladesh Petroleum Corporation (BPC) stated that there is no national shortage, noting that daily sales since February 28 have been double the usual demand. A 25,000-ton octane shipment is expected to arrive on April 2, and local production continues at normal levels.

The Bangladesh Petrol Pump Owners Association warned that due to supply shortages and security concerns, petrol pumps nationwide could shut down at any time.

Global oil prices rose sharply after U.S. President Donald Trump gave Iran a 48-hour ultimatum to reopen the Strait of Hormuz. At the same time, Israel announced that its ongoing military operations would continue for several weeks. These developments triggered immediate reactions in the energy markets, with crude oil prices climbing as trading opened on Sunday night.

According to AFP, West Texas Intermediate (WTI) crude for May delivery rose about 1.8 percent, surpassing 100 dollars per barrel before easing slightly. Brent crude for May delivery also increased, reaching 113.44 dollars per barrel before stabilizing near 111 dollars. Before the U.S.-Israeli attacks on Iran began on February 27, WTI and Brent were priced at 67.02 and 72.48 dollars respectively.

Analysts cited ongoing Middle East tensions and uncertainty surrounding the Hormuz Strait as key factors pressuring global energy markets. They warned that further escalation could lead to significant volatility in oil prices.

International Energy Agency (IEA) Executive Director Fatih Birol warned that the ongoing Middle East war could unleash an energy crisis more severe than the oil shocks of the 1970s and comparable to the early effects of Russia’s 2022 invasion of Ukraine. Speaking at a press conference in Canberra, Birol said the world is currently losing about 11 million barrels of oil per day, exceeding the combined losses of the two major oil crises of the 1970s.

He cautioned that no country would be spared from the energy fallout, as oil and liquefied natural gas shipments through the Strait of Hormuz have been blocked due to Iran’s obstruction. Meanwhile, U.S. President Donald Trump stated on his social media platform that the United States is considering winding down its military operations while aiming to neutralize Iran’s missile capabilities and destroy its defense industry base.

U.S. Defense Secretary Pete Hegseth reaffirmed that since the first strike on Iran on February 28, Washington’s objectives remain to dismantle Iran’s missile launchers, naval forces, and defense infrastructure, and to prevent it from acquiring nuclear weapons.

British Prime Minister Keir Starmer has called an emergency COBRA meeting on Monday to address potential economic risks to the United Kingdom stemming from the ongoing Iran war. According to The Guardian, Chancellor of the Exchequer Rachel Reeves and Bank of England Governor Andrew Bailey are among the key participants. The meeting will assess the possible effects on households, businesses, energy security, and supply chains, as well as international responses.

The heightened tension follows Iran’s warning that it would target Gulf neighbors’ energy and water systems if U.S. President Donald Trump carries out threats against Iranian power plants. Reuters reported that the UK is closely monitoring the situation amid concerns over its heavy reliance on imported gas, persistent inflation, and fiscal strain, which have accelerated the fall in government bond prices.

Reeves noted that it remains difficult to predict the war’s full impact on the British economy. While rejecting broad cost-cutting measures for now, she said targeted assistance options are under consideration.

During the extended Eid-ul-Fitr holidays, Kuakata, known as the 'Daughter of the Sea,' has seen a massive influx of tourists. On Sunday, the second day of Eid, the 18-kilometer-long beach turned into a festive city as thousands of visitors from across Bangladesh arrived to enjoy the sea and nature. Although light rain reduced attendance earlier in the day, the beach became crowded by evening, with visitors engaging in sea bathing, horse riding, and photography at major spots including Zero Point, Lebur Bon, and Gangamati.

After a quiet Ramadan period, Kuakata’s tourism sector has revived with nearly 90 percent hotel and resort bookings. Local business owners expressed optimism that the surge in visitors would help recover previous losses. The natural beauty of the beach, enhanced by red crabs, migratory birds, and fresh vegetation, added to the attraction.

Tourist Police have implemented multi-layered security measures to ensure visitor safety, deploying officers at key points and maintaining plainclothes surveillance to allow tourists to enjoy their holidays peacefully.

The Bangladesh Petrol Pump Owners Association has warned that petrol pumps across the country may shut down at any time due to fuel shortages and security concerns. The organization issued a statement on Sunday night describing the situation as dire, saying that the daily fuel supply from oil companies is insufficient to meet current consumer demand.

According to the statement, motorcycle users are waiting for hours to refuel, leading to frustration and tension at petrol stations. Pump attendants, referred to as nozzlemen, are struggling to manage the growing discontent among customers and are becoming exhausted from continuous duty without rest.

The association cautioned that if the situation continues, petrol pumps nationwide could close down because of inadequate fuel supply and safety risks, potentially disrupting transportation and daily activities across Bangladesh.