Iran continues to halt almost all shipping through the Strait of Hormuz, the chokepoint that carries about 20 percent of global oil and liquefied natural gas supplies.

US ​national average retail gasoline prices have climbed about ​84 ⁠cents a gallon since the US and Israel attacked Iran

Brent dipped 0.8 percent, though it was still holding above $102

The new US investigations do not, in themselves, raise tariffs, but they are a reminder that Dhaka remains vulnerable to legal and political trade pressure despite the recent bilateral agreement.

The crisis has forced the cancellation of over 600 Middle East-bound flights from Bangladesh

Oil loading at the UAE's port of Fujairah was at least partly halted on Tuesday

Economists have warned that surging diesel prices could slow global economic activity

The advances pared some of the previous day's sharp losses that came after the head of the IEA said more stockpiles could be tapped if needed

The roadmap targets coordinated reforms across four key agencies

Asia is particularly at risk, with much of the region highly dependent on Gulf oil shipped via the Strait of Hormuz

The latest round of investigations "is extremely unilateral, arbitrary and discriminatory", it said

Brent crude futures climbed $1.27, or 1.2%, to $104.41 a barrel by 0400 GMT

The Fed will start its two-day meeting on Tuesday

No possibility of a commodity price hike either, he said at an Iftar and Eid gift distribution ceremony in Sylhet

For Bangladesh, these moves are more than distant geopolitical gestures

With more dollars needed to purchase oil, the greenback has appreciated by around 2.5 percent since the start of hostilities

The Middle East accounted for 9.8 percent of global container trade last year

Brent crude closed at $103.14 per barrel

Oil and gas prices have surged since US-Israeli strikes on Iran killed its supreme leader and plunged the Middle East into war

When US and Israeli forces launched airstrikes on Iran, the shock waves were felt far beyond the region. As the conflict escalates, understanding who benefits from this crisis might be as important as counting its costs.