As Bangladesh prepares to celebrate Bangla New Year with nationwide festivities, the country faces rising fuel costs linked to the Middle East war while the Asian Development Bank forecasts a steady economic recovery for the coming fiscal years.
After 21 hours of marathon negotiations in Pakistan, the United States and Iran have failed to reach a peace deal. President Trump has now ordered the US Navy to impose a full blockade on the Strait of Hormuz, raising fears of a major new escalation in the six-week war.
A U.S. F-15E fighter jet was shot down over Iranian territory on Friday as American and Israeli forces pressed forward with intensified strikes, marking one of the most dramatic single-day developments in a conflict now in its fifth week. The Pentagon launched a search and rescue operation for the missing crew member while global oil prices surged past $109 per barrel.
