US-Israel-Iran war endangers BD economy: ICCB

Bangladesh is among the economies most exposed to the spillover effects of the ongoing US-Israel-Iran military conflict, which has escalated far beyond a regional security concern, according to the ICC-Bangladesh (ICCB).

In the editorial of its latest Quarterly News Bulletin (April-June 2026 issue) released on Monday, the ICCB termed the crisis the worst global shock since the COVID-19 pandemic.

The chamber noted that the conflict involving the US, Israel, and Iran has rapidly morphed into one of the most severe geopolitical and economic crises in recent history, posing a direct threat to global peace, international trade, energy security, and food supplies. What started as a military confrontation is now sending severe shockwaves across global markets, exposing the fragility of an interconnected world economy and presenting profound consequences for the global business community.

The editorial further highlighted that the escalation has already disrupted critical energy infrastructure and endangered shipping channels through the Strait of Hormuz one of the world’s most vital oil transit bottlenecks.

Rising oil and gas prices have increased transportation and production costs worldwide, placing renewed inflationary pressure on both developed and developing economies.

As a net importer of fuel, fertilizer and several essential commodities, Bangladesh faces mounting pressure from higher global energy prices, increased shipping and insurance costs, and disruptions to international supply chains, the editorial said.