Bangladesh, April 30 -- The escalating conflict in the Middle East is rapidly reshaping the global economic landscape, with energy markets at the center of the disruption. According to the World Bank, the world is now experiencing what could become the largest energy supply shock in modern history. The consequences are already visible: surging fuel prices, rising inflation, and mounting pressure on both advanced and developing economies.

At the heart of the crisis lies the strategic Strait of Hormuz, one of the most critical maritime routes for global energy trade. This narrow passage facilitates the transit of roughly a fifth of the worlds oil supply. Disruptions caused by military activity, including attacks on energy infrastructure an...