Dhaka, April 26 -- A new policy brief released this week by the Dacca Institute of Research and Analytics (DAIRA) has warned that the US-Iran conflict has delivered a severe commodity shock to Bangladesh's already-fragile economy, calling for urgent fiscal and monetary course correction ahead of the FY2026-27 budget.

The brief titled 'Macroeconomic Impact of the US-Iran Conflict on Bangladesh: Monetary Assessment and FY2026-27 Budget Recommendations' lays out a sobering picture: Brent crude surged 45.8 percent to $103.69 per barrel following the March 2026 conflict outbreak, urea fertilizer prices spiked 74.7 percent to $725.63 per metric tonne, and foreign exchange reserves bled $993 million in a single month.

Bangladesh entered the sh...