Global oil prices declined following reports of possible second-round peace talks between the United States and Iran in Islamabad. The news brought renewed optimism to investors and a slight rebound in Asian stock markets on Tuesday. Brent crude fell by 54 cents, or 0.6 percent, to 94.94 dollars per barrel, while US West Texas Intermediate (WTI) for May delivery dropped by 1.11 dollars, or 1.2 percent, to 88.50 dollars per barrel.

The decline followed a sharp rise of nearly 6 percent in oil prices on Monday, when uncertainty over the talks had unsettled markets. The long-running conflict between Iran and the United States has disrupted global energy supplies and raised fears of a potential global recession. The renewed prospect of dialogue between the two nations has eased some of those concerns.

Analysts noted that expectations of progress in the Islamabad discussions could help stabilize energy markets if negotiations proceed as anticipated.

Italian energy company Eni has announced the discovery of a large new natural gas reserve off the coast of Indonesia. According to the government, this find could allow the European firm to triple its production in the country by 2028. The discovery site lies about 70 kilometers off East Kalimantan province, containing an estimated 5 trillion cubic feet of gas and 300 million barrels of condensate, a liquid hydrocarbon. Eni said the new reserve will open an important supply route for both domestic and international markets.

Indonesia’s Energy and Mineral Resources Minister Bahlil Lahadalia described the discovery as significant, projecting condensate production to reach 90,000 barrels per day by 2028 and 150,000 by 2029–2030. The government expects higher condensate output to reduce oil imports. The announcement comes as Indonesia faces rising global energy prices following conflict in the Middle East.

Recent diplomatic efforts by President Prabowo Subianto included meetings with Russia and France to secure oil supply and advance renewable energy cooperation, reflecting Indonesia’s broader push for energy security and self-sufficiency.

Bangladesh’s Commerce Minister Khandaker Abdul Muktadir met with Australian High Commissioner Susan Ryle on Tuesday, April 21, 2026, at the Secretariat in Dhaka. The meeting focused on strengthening bilateral trade, investment, and economic cooperation between Bangladesh and Australia. Both sides discussed opportunities to expand collaboration in renewable energy, industrial development, and employment generation.

Minister Muktadir said the government is working to create an investment-friendly environment and is prioritizing foreign investment in renewable energy. He highlighted the government’s goal to activate industrial assets worth around 7 billion dollars and attract private investment to make them more productive. He also invited Australian investors to increase participation in Bangladesh’s solar power sector.

High Commissioner Ryle noted that bilateral trade currently stands at about 5.14 billion US dollars and continues to grow. She said there is significant potential for investment in renewable energy, and an Australian delegation is reviewing opportunities in green energy, innovation, and technology cooperation. Both sides expressed interest in expanding collaboration in trade, education, scholarships, and infrastructure development.

State Minister for Textiles and Jute Shariful Alam said the government is working to reopen all closed jute mills across Bangladesh in line with its election pledges. He stated that efforts are underway to restart the mills under both public and private management. The minister made these remarks on April 21, 2026, after inspecting the closed Cooperative Jute Mill in Palash, Narsingdi.

He added that the government aims to gradually reopen all closed factories, including two in Narsingdi, and attract both domestic and foreign investors to create employment opportunities. The minister also mentioned that corruption and mismanagement in the jute sector during previous administrations are being investigated. The visit was attended by BJMC Chairman Brigadier Kabir Uddin Sikder, Chief Operating Officer Mamunur Rashid, and local officials.

During his visit, the minister also inspected Bangladesh Jute Mill and Pran Industrial Park in Ghorashal, Palash upazila, as part of the government’s broader plan to revive the jute industry.

The Bangladesh Inland Container Depots Association (BICDA) has increased service charges by 8.5 percent, effective from one minute past midnight on Sunday, citing a rise in fuel prices. A letter announcing the new rate was sent to stakeholders on Monday morning. Business leaders, including those from the BGMEA and import-export sectors, expressed anger, saying the decision was made unilaterally without approval from the tariff committee or consultation with stakeholders.

BICDA argued that the adjustment was not a fee hike but a necessary fuel surcharge due to increased diesel costs. The association stated that all depot machinery and transport vehicles depend on fuel, and the recent government price increase of about 20 taka per liter has sharply raised operating expenses. The 19 private container depots handle a significant portion of Chattogram Port’s import and export containers, and their charges are normally set through a tariff committee under the port authority.

Business representatives warned that such unilateral action could destabilize the national economy and urged that the surcharge be suspended until proper discussions are held.

Farmers in Dharmapasha upazila of Sunamganj are struggling to harvest ripe Boro paddy due to an acute shortage of laborers. Despite the crops being fully mature, harvesting has been delayed, raising fears of damage from further storms or rainfall. According to the local agriculture office, Boro paddy was cultivated across 45 haors this season, but heavy rains on March 14, 15, and 27 submerged about 410 hectares of land in 16 haors, completely destroying crops in 13 of them. Another storm on April 16 flattened ripe paddy, and rising water levels have made it impossible to use harvesters.

Farmers report that daily wages for harvest workers have surged to Tk 1,000–1,200, while the market price of paddy remains only Tk 27–28 per maund. Many are resorting to traditional sharecropping methods where workers take half the yield. Rising fuel prices have further increased costs for threshing and transporting paddy from the haor areas. Farmers are urging the government to ensure labor supply and fair pricing to prevent large-scale losses this season.

The new government of Bangladesh has borrowed Tk 445 billion from the banking system within just 52 days of assuming power. According to Bangladesh Bank data, this rapid borrowing has already exceeded the fiscal year’s target of Tk 1.04 trillion, with total government borrowing reaching Tk 1.127 trillion by April 9. Of this, the interim government borrowed Tk 682.29 billion between July and February 16. The report indicates that the government’s net bank borrowing during the first nine months and nine days of the fiscal year rose by 139.6 percent compared to the same period last year.

Sector insiders attribute the surge in borrowing to election-related expenses, new investments, and increased subsidies in the energy sector due to the Iran war’s impact. Revenue collection has fallen short by about Tk 715 billion over the first eight months, forcing the government to rely more heavily on bank loans to meet expenditure.

Bangladesh Bank’s former chief economist Dr. Mustafa K Mujeri noted that low revenue collection has made it difficult to meet budgetary spending targets, pushing the government to exceed its borrowing limit even with three months left in the fiscal year.

Bangladesh is experiencing mounting economic pressure as the Iran war sharply increases global oil prices. Since the United States and Israel launched an offensive in Iran on February 28, 2026, oil prices have surged from around 71–81 dollars per barrel to as high as 128 dollars in early April. The disruption of fuel supply through the Hormuz Strait, which carries about 63 percent of Bangladesh’s fuel imports, has forced the government to introduce oil rationing from March 8. Domestic fuel prices have risen by up to 16 percent, and liquefied gas prices have increased twice within 18 days, worsening inflation and living costs.

The conflict has triggered a cost-push inflation across Bangladesh, affecting households, transport, and industries. The government, already under fiscal strain, has sought about 2 billion dollars in emergency loans from development partners while facing pressure from the IMF and World Bank to reduce fuel subsidies. Rising fuel costs are also expected to severely impact agriculture, increasing production costs and threatening food security.

If the war continues, Bangladesh may face further economic instability, including risks to remittance inflows from the Middle East and potential social repercussions from returning migrant workers.

Bangladesh’s total foreign debt stood at 78.067 billion US dollars as of February 2026, Finance Minister Amir Khasru Mahmud Chowdhury informed the national parliament on April 21. He provided the figure in response to a question from Brahmanbaria-2 lawmaker Rumin Farhana during the parliamentary session.

The finance minister explained that the Economic Relations Division handles foreign debt repayments on behalf of the government. Each fiscal year, a projection is made for the total principal and interest payments, and corresponding allocations are included in the national budget to ensure timely repayment according to the schedule.

Amir Khasru further stated that since the current government assumed office, a total of 90.66 million US dollars in foreign debt has been repaid. The minister emphasized that repayments are being made regularly through the allocated budget funds.

Bangladesh’s Commerce Minister Khandaker Abdul Muktadir met with U.S. Ambassador to Bangladesh Brent T. Christensen on Tuesday at the minister’s office in Dhaka. The meeting focused on enhancing bilateral trade, investment, and economic cooperation between the two countries. Both sides described the discussions as productive and reaffirmed their commitment to expanding mutual economic engagement.

Ambassador Christensen praised the effective functioning of Bangladesh’s parliamentary activities under the leadership of Prime Minister and Parliamentary Leader Tarique Rahman, calling it a positive example of democratic practice. He emphasized that expanding bilateral trade would benefit both nations. The ambassador also announced that Brendan Lynch, the U.S. Deputy Assistant Secretary for South and Central Asian Affairs, would soon visit Bangladesh as part of efforts to strengthen trade dialogue and expressed interest in the country’s new import policy order.

Minister Muktadir stated that the Ministry of Commerce and other relevant ministries are working on the new Import Policy Order 2026, which will soon be shared with the business community for feedback.

The head of the International Energy Agency (IEA), Fatih Birol, has said that the world is currently experiencing the largest energy crisis in history. In an interview with France Inter radio, he explained that the combined effects of petrol and gas shortages and the situation surrounding Russia have created an unprecedented global crisis. Birol described the situation as the most severe energy disruption the world has ever faced.

He added that ongoing geopolitical tensions and uncertainty in energy supply are driving up oil prices, putting significant pressure on the global economy. In March, IEA member countries decided to release a record 400 million barrels of oil from strategic reserves to stabilize markets affected by conflicts involving the United States, Israel, and Iran.

The IEA’s emergency release aims to ease market volatility and mitigate the economic strain caused by supply disruptions and rising energy costs.

Authorities have announced that all import-export and immigration activities at the Banglabandha land port in Panchagarh will remain suspended for three days. The closure begins on Tuesday, April 21, 2026, and will continue until Thursday, April 23, 2026. The decision was confirmed by the port’s manager, Abul Kalam Azad.

According to an official letter signed by Sandeep Kumar Ghosh, District Magistrate and Returning Officer of Jalpaiguri, India, the suspension is linked to the upcoming Lok Sabha election in West Bengal’s Jalpaiguri district, scheduled for April 23, 2026. The letter instructed relevant authorities to halt all trade and passenger movement through the port during this period.

The temporary closure affects both import-export operations and immigration services, meaning no goods or travelers will be allowed to cross through the Banglabandha checkpoint until the election concludes.

Widespread and prolonged power outages have severely disrupted daily life in Rajshahi amid an ongoing heatwave. Residents across both urban and rural areas are facing frequent electricity cuts lasting eight to fifteen hours a day, affecting farmers, small businesses, industrial workers, and students. The situation has become particularly worrying as the SSC examinations begin, with students and parents expressing concern over study interruptions and health impacts due to sleepless nights and extreme heat.

Farmers in Tanore, Paba, Godagari, Durgapur, and Mohanpur upazilas report severe irrigation crises, threatening boro paddy and other crops. Many have resorted to diesel-powered pumps, but fuel shortages and higher costs are adding financial strain. Business owners in Rajshahi city say production and sales have dropped sharply due to power cuts, while households struggle with water shortages and mosquito infestations.

Electricity officials, however, claim the situation is under control. NESCO’s managing director asserts that supply exceeds demand, while rural electricity managers acknowledge limited load shedding but describe it as temporary. Locals remain skeptical, warning that prolonged disruptions could harm agriculture, the local economy, and students’ performance.

A severe shortage of bottled soybean oil has hit markets across Bangladesh, with retailers reporting that companies have drastically reduced supply. Many firms are allegedly refusing to sell bottled oil unless retailers also purchase other products. Prices have risen above government-fixed rates, with five-liter bottles selling for 960–970 taka instead of the official 955 taka. Loose soybean and palm oil prices have also increased, reflecting the broader supply strain.

Retailers and consumers say the shortage has persisted for more than six weeks. Companies cite reduced profit margins on bottled oil as the reason for limiting distribution. The Bangladesh Vegetable Oil Refiners and Vanaspati Manufacturers Association recently met with the commerce minister to seek a price adjustment, but no decision was made. The ministry and the Bangladesh Trade and Tariff Commission decided against raising prices, opting instead to explore other incentives for producers.

Consumer rights advocates accuse companies of creating an artificial crisis to pressure the government into approving higher prices. They urge stronger monitoring to prevent unfair trade practices and stabilize the edible oil market.

Individuals and companies accused of large-scale corruption in Bangladesh’s power sector continue to evade accountability nearly two years after the fall of Sheikh Hasina’s government. Despite the interim administration led by Dr. Muhammad Yunus repealing the indemnity law for the energy sector and exposing years of irregularities, no punitive action has been taken. Huge sums of money allegedly laundered abroad remain unrecovered, while the sector still pays high capacity charges to private power producers.

The report details how politically connected business groups, including Summit and Orion, received billions of taka in payments for idle or underperforming plants. The Power Development Board (PDB) admits it cannot easily terminate contracts without risking legal disputes. Current Power Minister Iqbal Hasan Mahmud said the government is reviewing legal options to recover stolen funds and end exploitative capacity charge arrangements.

According to official data cited, over 100,000 crore taka was paid in capacity charges between 2008 and 2024, with most private plants operating far below licensed capacity. The sector remains financially strained, with unpaid loans exceeding 149,000 crore taka and ongoing pressure to raise electricity prices.