Indian High Commissioner to Bangladesh Pranay Verma met with Commerce Minister Khandaker Abdul Muktadir at the Ministry of Commerce. Photo : PIDPhoto : PIDDHAKA, March 02, 2026 (BSS) - Commerce Minister Khandaker Abdul Muktadir has stated that the government is closely monitoring the situation regarding the Strait of Hormuz, emphasizing that while it is a critical global trade route, there is no immediate cause for concern regarding the import of essential commodities and fuel. The Minister highlighted the vital role of the ‘Strait of Hormuz, noting that approximately one-fifth of global maritime trade passes through this route. He acknowledged that if the strait remains closed for an extended period, it would significantly impact global shipping logistics. The Minister characterized the meeting as a positive step toward resolving trade hurdles and strengthening economic ties.

Source: Bangladesh Sangbad Sangstha March 02, 2026 09:54 UTC