Dhaka: A political controversy has emerged in Bangladesh following reports that Prime Minister Tarique Rahman instructed State Minister Ishraque Hossain to resign from the cabinet. According to media reports, the reported directive came after controversy surrounding Ishraque Hossain’s participation in an anti-drug operation in Dhaka while carrying a firearm.

The issue reportedly came into focus following a cabinet meeting at the Secretariat on Sunday. However, an official government confirmation and confirmation that a formal resignation has been submitted are necessary to establish the latest status of the matter. The reports have sparked discussion in Bangladesh’s political circles. Further clarification is expected if the government or the individuals concerned issue an official statement.

DHAKA: Japanese investors have announced plans for an initial investment of $1.2 billion in Bangladesh’s tourism and hospitality sector, signaling potential new opportunities for foreign investment in the country’s tourism industry. The announcement was made during a meeting with Civil Aviation and Tourism Minister M. Rashiduzzaman Millat at the Bangladesh Secretariat on Sunday afternoon.

According to a ministry press release, the Japanese delegation expressed strong interest in investing in Bangladesh’s tourism industry and working with the government to develop tourism infrastructure and hospitality facilities. Welcoming the initiative, Minister Millat assured the investors of the government’s cooperation, saying necessary steps would be taken once formal investment proposals were submitted.

The minister said the government was keen to attract foreign investment through mutually beneficial public-private partnerships (PPPs), ensuring positive outcomes for both investors and Bangladesh. Highlighting the country’s tourism potential, Millat pointed to the Sundarbans, the world’s largest mangrove forest, Cox’s Bazar’s extensive natural sea beach and the scenic tea gardens of Sylhet. He said international investment, alongside improvements in tourism infrastructure and services, could help unlock the sector’s potential.

Describing Japan as a longstanding development partner, the minister highlighted its contributions to Bangladesh’s major infrastructure projects. He expressed optimism that Japanese investment and expertise could support the growth of the country’s tourism industry. Millat also instructed the relevant authorities to arrange visits for the Japanese delegation to potential tourism destinations so they could assess investment opportunities.

A delegation from the Bangladesh Tourism Board (BTB) is expected to facilitate visits to prospective sites and help investors identify suitable projects. The Japanese representatives reaffirmed their interest in building a long-term partnership with Bangladesh in tourism and hospitality. The proposed $1.2 billion investment will move forward for consideration once the investors submit formal proposals to the government.

LONDON — Oil prices fell on Thursday as the United States considered easing restrictions on certain oil tankers linked to Russia, raising hopes of lower shipping costs and improved flexibility in global fuel supplies. Brent crude futures fell $2.28, or 2.2%, to $103.78 a barrel, while U.S. West Texas Intermediate (WTI) crude declined $1.34, or 1.4%, to $93.75 a barrel, according to Reuters market data reported at 0729 GMT.

The decline followed reports that the U.S. administration was considering relaxing sanctions on some vessels associated with Russia’s so-called “shadow fleet.” These vessels are used to transport oil and petroleum products outside conventional shipping arrangements and are often linked to efforts to evade international restrictions.

A U.S. official said the proposed measures could help reduce freight costs and provide greater flexibility for transporting diesel and other petroleum products. The discussions come days after President Donald Trump temporarily lifted sanctions on Russian diesel fuel in an effort to ease pressure on global fuel prices.

However, geopolitical tensions continued to pose risks to energy supplies. Attacks on commercial vessels near the Strait of Hormuz and escalating conflict involving Iran and Yemen’s Houthi rebels have raised concerns about the security of one of the world’s most important oil-shipping routes. Two commercial vessels reportedly sank near the strategic waterway after being struck by projectiles, according to maritime officials cited in reports.

Meanwhile, Ukraine resumed attacks on Russian energy infrastructure, including a strike on an oil refinery in the Ryazan region, adding another layer of uncertainty to global energy markets. U.S. crude inventories also fell by 11.1 million barrels in the week ending October 9, according to preliminary data from the American Petroleum Institute. Official inventory figures from the U.S. Energy Information Administration were awaited.

The oil market remains caught between expectations of increased supply flexibility and fears of further disruptions caused by geopolitical conflict. Any decision by Washington to ease tanker restrictions could influence shipping costs and fuel availability, although the overall impact will depend on the scope and implementation of the measures.