Oil rally fuels fresh concerns
Bangladesh, Oct. 25 -- Bangladesh's energy sector is facing mounting financial pressure from the Middle East crisis, with the country's additional energy expenditure reaching US$4.12 billion over the past eight months as global crude oil prices continue to rise.
Prime Minister's Adviser on Finance and Planning Rashed Al Mahmud Titumir disclosed the additional expenditure last week, highlighting the growing cost of securing energy supplies amid escalating regional tensions.
The pressure is likely to intensify following a sharp rise in international oil prices, fuelled by fears that repeated attacks by Yemen-based Houthi militants on Saudi Arabia could disrupt energy supplies across West Asia.
Brent crude futures rose 3.1 per cent, or $3...
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