Shibbir Ahmed, New York: A virtual meeting of the Central Executive Committee of the Bangladesh Awami League was held on Friday, September 18, under the chairmanship of Presidium Member Sheikh Fazlul Karim Selim. Awami League President, Bangabandhu’s daughter and People’s Leader Sheikh Hasina attended the meeting as the chief guest and delivered a keynote address offering guidance to party leaders and activists.

In her address, Sheikh Hasina said she had held consultations in phases with leaders and activists from the Awami League’s 83 district branches and 160 electoral constituencies to learn about the actual situation of the country and its people through grassroots representatives and assess the organisational condition of the party.

Referring to the information gathered through these consultations, she said every sector of the country was on the verge of destruction and that the situation was continuously deteriorating. She stressed the need to protect the country from the prevailing situation.

Instructing leaders responsible for organisational affairs, Sheikh Hasina said priority should be given to those who had suffered various forms of persecution when selecting leadership in areas where organisational gaps existed. She said the strength of the Awami League lay with the people and its grassroots leaders and activists, adding that the party placed its trust in them and did not rely on any other force.

She also called for collecting information about individuals who had faced persecution and repression over the past nearly two years, regardless of their political affiliation, and publicising the information to raise awareness among the people. At the same time, she said the identities and actions of those responsible for persecution and repression should also be exposed. Sheikh Hasina said many innocent military and civilian officials had been arrested in false cases and demanded their release.

Referring to the events of July-August 2024, she said members of law enforcement agencies had made every possible effort to protect lives and property. She said many police officers were killed, their bodies were burned, and police stations were looted and set on fire. She expressed her determination to ensure justice for all the killings through judicial investigations.

Citing information received from across the country, Sheikh Hasina said the country was now plunged into darkness, with indiscriminate killings, rape, looting, extortion, the filing of cases and other forms of wrongdoing taking place. She alleged that the government was turning a blind eye to these activities and allowing its leaders and activists to engage in wrongdoing. She further said that although the government could not provide food for the people, it was able to produce bodies.

Reiterating her intention to return to Bangladesh to save the country from the prevailing situation, Sheikh Hasina expressed surprise at what she described as obstacles being created by the government. “I am eager to return to the country, yet the government is creating obstacles,” she said.

Addressing Awami League leaders and activists, she said that regardless of the extent of persecution or the number of death sentences handed down against them, they must remain beside the people and build resistance together with them.

During the meeting, Awami League leaders demanded the cancellation of what they described as illegal death sentences handed down by the so-called International Crimes Tribunal (ICT) against Sheikh Hasina and other party leaders. They also called for the abolition of the tribunal.

The meeting expressed deep concern and outrage over the prevailing socio-economic and political situation in the country, the transition to a democratic state system, the deterioration in the supply and security of oil, gas, water and electricity, the worsening law and order situation, and the economic deadlock.

The meeting also noted that the so-called International Crimes Tribunal had recently handed down death sentences on what the party described as baseless and fabricated charges against Sheikh Hasina and prominent Awami League leaders. Those named included General Secretary Obaidul Quader, Joint General Secretary Agriculturist A.F.M. Bahauddin Nasim, valiant freedom fighter Asaduzzaman Khan Kamal, Professor Mohammad Ali Arafat, Bangladesh Awami Jubo League Chairman Professor Sheikh Fazle Shams Parash, General Secretary Mainul Hossain Khan Nikhil, and Bangladesh Chhatra League President Saddam Hossain and General Secretary Sheikh Wali Asif Enan, among others. The meeting maintained that the tribunal had no legal basis and strongly rejected its actions.

Following discussions, the Central Executive Committee unanimously adopted proposals calling for reductions in the prices of essential commodities and ensuring the supply of electricity, oil, gas and fertiliser. The meeting also called for employment arrangements for workers who had lost their jobs, the reopening of closed industries and factories, the release of all political prisoners and the withdrawal of all false cases.

The committee further demanded the withdrawal of the ban on the Bangladesh Awami League, the abolition of what the party described as the illegal ICT Tribunal, and the cancellation of its death sentences against Sheikh Hasina and other Awami League leaders. It also called for the withdrawal of cases filed against innocent military and civilian officials of the Republic and the release of those who had been arrested.

The meeting was moderated by Awami League Liberation War Affairs Secretary Advocate Mrinal Kanti Das. General Secretary Obaidul Quader, Presidium Members Mofazzel Hossain Chowdhury Maya Bir Bikram and valiant freedom fighter Advocate Jahangir Kabir Nanak, Joint General Secretary Agriculturist A.F.M. Bahauddin Nasim, Organising Secretaries S.M. Kamal Hossain and Sujit Roy Nandi, Member Professor Mohammad Ali Arafat, Deputy Secretary Raymond Areng and other leaders spoke at the meeting, reviewing the overall situation in the country. Other members of the Central Executive Committee also participated in the virtual meeting.

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.

DUBAI — Gulf stock markets declined on Thursday as Yemen’s Houthi rebels threatened further attacks on Saudi Arabia, intensifying concerns about regional security, energy infrastructure and disruptions to shipping. Saudi Arabia’s benchmark stock index fell 0.6%, marking its sixth consecutive weekly decline, while shares of state-owned oil giant Saudi Aramco also dropped 0.6%, according to Reuters.

The latest threats followed an attack that damaged Saudi Aramco’s headquarters in Dhahran. The strike reportedly sparked a fire across several floors of an office building within the complex, raising concerns about the security of Saudi Arabia’s critical energy infrastructure.

The market downturn extended across the Gulf. Qatar’s benchmark index fell 1.2%, reaching its lowest level in more than six years. Dubai’s index declined 0.7%, while Abu Dhabi’s benchmark fell 0.4%. Oil prices also moved lower despite the escalating regional tensions. Brent crude futures dropped $2.28, or 2.2%, to $103.78 a barrel.

Investors remained concerned about maritime security after reports that two ships had sunk near the Strait of Hormuz after being struck by projectiles. The strategic waterway is a vital route for global oil shipments.

The International Monetary Fund has warned that a prolonged conflict and disruptions to energy supplies or shipping could have serious consequences for economies across the Middle East and Central Asia.

The latest market movements highlight the growing economic risks posed by the conflict, particularly for countries dependent on energy exports and regional trade. Further attacks on energy facilities or commercial shipping could deepen market volatility and increase uncertainty across global energy markets.

WASHINGTON, D.C. — A federal judge has extended an order preventing President Donald Trump’s administration from barring journalists from CNN, MS NOW and Politico from accessing the White House, delivering a significant legal setback to the administration in its ongoing dispute with the news media.

U.S. District Judge Timothy Kelly issued a preliminary injunction on October 13, ruling that the three news organizations are likely to succeed in their claims that the administration violated constitutional protections for freedom of speech and due process by revoking their reporters’ White House press credentials. The decision allows the journalists to retain access to the White House grounds while the lawsuit proceeds, unless an appeals court intervenes.

The legal dispute began in September, when Trump announced that journalists from the three outlets would be barred from the White House. The news organizations challenged the decision in court, arguing that the restrictions were imposed in retaliation for their reporting and violated their First Amendment rights.

The administration has defended its authority to manage White House press access, citing concerns about media reporting and national security. However, Judge Kelly found that the evidence presented raised serious constitutional concerns about the decision to revoke the journalists’ credentials.

The judge’s ruling builds on an earlier emergency order issued on September 24, which temporarily restored access for the affected reporters. The latest injunction extends those protections for the duration of the legal proceedings, subject to further court action.

The case has become a significant test of the relationship between the White House and the news organizations responsible for reporting on the president and his administration. The First Amendment to the U.S. Constitution protects freedom of speech and the press. The lawsuit raises questions about whether government officials can restrict journalists’ access to official institutions in response to unfavorable reporting.

The ruling does not prevent the government from imposing legitimate security requirements or establishing reasonable rules for press access. Instead, it addresses the legal concerns surrounding the specific decision to revoke the credentials of journalists from the three organizations. The case also highlights the importance of due process, which limits the government’s ability to take certain actions without appropriate legal justification.

The preliminary injunction will remain in effect while the lawsuit continues, unless it is modified or overturned by a higher court. The final outcome could have broader implications for how future administrations regulate journalists’ access to the White House.

For news organizations and press freedom advocates, the dispute is about more than access to briefings or government buildings. It concerns the ability of journalists to scrutinize public officials without facing restrictions based on the content or tone of their reporting.

The White House media-access dispute is part of a broader national debate over presidential authority, government transparency and the constitutional protections afforded to the American press. The case is expected to remain closely watched by journalists, constitutional law experts and civil liberties advocates as the legal proceedings move forward.

WASHINGTON, D.C. — U.S. inflation accelerated to 3.7% in September, driven largely by a sharp increase in gasoline prices and rising costs across several consumer categories, adding pressure on the Federal Reserve as it considers its next interest-rate decision. The Consumer Price Index (CPI), a key measure of inflation, rose 0.6% in September on a seasonally adjusted basis, following a 0.4% increase in August, according to data released Wednesday by the U.S. Bureau of Labor Statistics. Annual inflation increased from 3.4% in August to 3.7% in September.

Energy costs were a major contributor to the increase. Gasoline prices rose 9.1% in September, while the overall energy index increased 5.2%. Energy prices were 20.4% higher than a year earlier, highlighting the continuing pressure on household budgets and transportation costs.

Food prices remained broadly unchanged in September. Grocery prices declined 0.1%, while the cost of food purchased away from home, including restaurant meals, increased 0.2%. Housing costs also continued to rise, with the shelter index increasing 0.4% during the month.

Core inflation, which excludes the more volatile food and energy categories, increased 0.3% in September. On an annual basis, core CPI rose 2.6%, up from 2.4% in August, indicating that price pressures extend beyond gasoline and other energy products.

The latest inflation figures have complicated the Federal Reserve’s efforts to bring price increases under control while supporting economic growth and employment. The central bank raised its benchmark interest-rate target to a range of 3.75% to 4.00% in September. Policymakers are scheduled to meet on October 27–28 to assess whether additional tightening is necessary. The latest data have increased market uncertainty over the possibility of another rate increase this month.

Higher interest rates generally make borrowing more expensive for households and businesses. Mortgage payments, credit cards, auto loans and business financing can all be affected, potentially slowing consumer spending and investment. However, raising rates too aggressively could also weaken economic activity and put additional pressure on the labor market. Federal Reserve officials must therefore weigh persistent inflation against signs of slower job growth.

The latest figures underscore the continuing affordability challenges facing American consumers. Higher gasoline prices can affect commuting expenses, transportation services and the cost of moving goods, while increases in housing and other services add to household financial pressures. Although the Federal Reserve aims to bring inflation back toward its 2% target, September’s data show that annual consumer price increases remain well above that level.

Investors, businesses and consumers will be watching upcoming economic reports and statements from Federal Reserve officials for further indications of the central bank’s next move. The September inflation report does not guarantee another rate increase, but it has made the decision more uncertain as policymakers confront persistent price pressures alongside concerns about economic growth and employment.

Shibbir Ahmed, Washington DC: The United States’ national debt has surpassed the $40 trillion mark for the first time, reaching approximately $40.047 trillion on Wednesday, according to the latest data from the U.S. Treasury Department. The historic milestone underscores the scale of the U.S. government’s accumulated debt and is renewing concerns over the country’s long-term fiscal stability.

According to Treasury data, about $32.266 trillion of the total debt is debt held by the public, while approximately $7.782 trillion consists of intragovernmental holdings—amounts owed by one government account or agency to another.

Debt More Than Doubles in Less Than a Decade

The U.S. national debt has increased at an extraordinary pace over the past decade. When Donald Trump first took office as president in 2017, the national debt stood at approximately $19.95 trillion. It has now more than doubled, surpassing $40 trillion.

Economists say no single administration is responsible for the rapid increase. Massive government spending during the COVID-19 pandemic, persistent federal budget deficits, tax cuts and rising spending on major entitlement programs have all contributed to the growth of the national debt. The debt increased substantially during both the Trump and Joe Biden administrations.

Rising Interest Costs Add to Fiscal Pressure

Beyond the size of the debt itself, the cost of servicing it has become a major concern for the U.S. government. According to Reuters analysis, interest payments on the federal debt have become one of the largest components of federal spending and have surpassed spending on Medicare, ranking behind Social Security among the government’s largest expenditures.

Economists warn that interest costs could rise further as older debt is refinanced at higher interest rates. This could limit the government’s ability to allocate resources to areas such as education, infrastructure, defense and other public programs.

Large July Budget Deficit

The latest milestone comes amid continuing large federal budget deficits. According to Reuters, the U.S. government recorded a budget deficit of approximately $432 billion in July alone, one of the largest monthly deficits in the country’s history.

Rising spending on Social Security and Medicare, along with lower-than-expected revenue from tariffs and other sources, contributed to the large shortfall.

Trump Policies Could Add Further to Debt

Concerns are also growing over the potential impact of the Trump administration’s recent tax and spending policies. According to Reuters, President Trump’s widely discussed “One Big Beautiful Bill Act” could add approximately $4.7 trillion to the national debt over the coming years, based on estimates cited in the report.

Economists and budget watchdogs warn that continued growth in federal debt could reduce the government’s fiscal flexibility. It could also make it more difficult for Washington to respond to future economic downturns, inflationary pressures or other national emergencies.

Investor Concerns Grow

The growing national debt is also putting pressure on the U.S. government bond market. Yields on long-term Treasury securities have recently reached multi-year highs as investors demand higher returns to hold long-term U.S. government debt.

On Wednesday, the Treasury Department announced plans to increase its long-term Treasury bond buyback operations. The size of individual operations is expected to increase from about $2 billion to at least $4 billion.

Following the announcement, yields on long-term U.S. government bonds declined somewhat, while global bond markets also reacted positively.

Global Economic Implications

U.S. Treasury securities are widely regarded as among the safest and most important financial assets in the world. As a result, major changes in the U.S. debt and Treasury markets can have consequences far beyond American financial markets.

High government debt, inflation concerns and geopolitical tensions have recently contributed to higher long-term government bond yields in several countries.

Reuters reported that following the latest Treasury action, long-term European bond yields also declined somewhat. At the same time, the U.S. dollar came under pressure while gold prices rose sharply.

A Major Fiscal Challenge Ahead

The crossing of the $40 trillion threshold is more than a statistical milestone for the United States. It reflects decades of federal budget deficits and growing reliance on government borrowing.

Budget analysts warn that if the current pace of debt accumulation continues, Washington could face increasingly limited fiscal flexibility. Borrowing could also become more expensive, particularly during periods of economic stress.

The ultimate impact of the $40 trillion debt level will depend on several factors, including economic growth, interest rates, government spending, tax revenues and the fiscal policies adopted by future administrations.

But the historic milestone has already renewed international debate over the sustainability of U.S. government finances and the future management of the world’s largest sovereign debt.

DHAKA: BNP presidential candidate and outgoing Secretary General Mirza Fakhrul Islam Alamgir made an emotional appeal to the party’s lawmakers on Wednesday, urging them to vote for him in Thursday’s presidential election. Fakhrul made the appeal at a meeting of the BNP Parliamentary Party held at the government party meeting room of the Jatiya Sangsad Bhaban in Dhaka. The meeting was chaired by BNP Chairman and Prime Minister Tarique Rahman.

The meeting began at 2 p.m. and continued for about one and a half hours. According to lawmakers who attended the meeting, Fakhrul became emotional at the beginning of his speech and broke down in tears several times. His emotional remarks created a somber atmosphere in the meeting, with Prime Minister Tarique Rahman also becoming emotional.

Recalling his long political journey with the BNP, Fakhrul said he had served the party as Senior Joint Secretary General, Acting Secretary General and Secretary General. “If I have made any mistake while carrying out my responsibilities, or if I have unintentionally hurt anyone, I ask for forgiveness,” Fakhrul told his colleagues.

He expressed gratitude to the party for giving him what he described as immense respect and responsibility throughout his political career. He also recalled the contributions of the late BNP Chairperson Begum Khaleda Zia and the party’s founder, former President Ziaur Rahman. Fakhrul thanked Tarique Rahman for continuing to place his trust in him and assigning him important responsibilities over the years.

He pledged that he would preserve throughout his life the honor and trust that the party had placed in him. He also said he would never compromise on the issues of Bangladesh’s independence and sovereignty.

Referring to the possibility of moving to Bangabhaban if elected president, Fakhrul said he would miss his longtime colleagues and asked them to pray for him. He then directly appealed to the BNP lawmakers to vote for him in Thursday’s presidential election. Earlier, Chief Whip Md. Nurul Islam Moni welcomed the participants and briefed the lawmakers about the voting procedure for the presidential election. He also sought their votes for Fakhrul.

Moni informed the meeting that the presidential election would be held on Thursday, August 20, and that Fakhrul himself would also cast his vote. He further explained that if Fakhrul is elected president and assumes office, his parliamentary seat in Thakurgaon-1 would become vacant. After Fakhrul, Prime Minister Tarique Rahman addressed the meeting and also urged BNP lawmakers to vote for Fakhrul in the presidential election.

The meeting was attended by BNP Standing Committee members Khandaker Mosharraf Hossain, Gayeshwar Chandra Roy, Abdul Moyeen Khan, Amir Khasru Mahmud Chowdhury, Salahuddin Ahmed, Iqbal Hasan Mahmud, Selima Rahman and A.Z.M. Zahid Hossain, among others.The pre sidential election is scheduled to take place on Thursday, August 20. If elected, Mirza Fakhrul Islam Alamgir will assume the office of President. As a result, Wednesday’s parliamentary party meeting could be Fakhrul’s final such meeting as a sitting member of parliament, giving the gathering an added emotional significance.

Shibbir Ahmed, New York: The United States has imposed sanctions on International Criminal Court (ICC) President Tomoko Akane and senior trial lawyer Abdoulaye Sey. U.S. Secretary of State Marco Rubio announced the sanctions on Tuesday, August 18. On Wednesday, August 19, Japan, the ICC and the Netherlands expressed opposition to the move.

The Trump administration accused Akane and Sey of being directly involved in efforts to investigate, arrest, detain or prosecute government officials and nationals of countries that have not accepted the ICC’s jurisdiction. The dispute between Washington and the court has intensified particularly over the ICC’s arrest warrants for Israeli Prime Minister Benjamin Netanyahu and former Defense Minister Yoav Gallant.

Akane and Sey Added to U.S. Sanctions List

Tomoko Akane, a Japanese national, has served as president of the ICC since 2024. She is the court’s sixth president and the first Japanese national to hold the position. Abdoulaye Sey, a Senegalese national, is a senior trial lawyer at the ICC. He was part of the prosecution team involved in seeking an arrest warrant for Israeli Prime Minister Benjamin Netanyahu. Sey has also been nominated for election as an ICC judge.

According to the U.S. Treasury Department’s sanctions list, Akane and Sey have been designated as Specially Designated Nationals (SDNs). As a result, any property or property interests they hold within U.S. jurisdiction will be blocked, and U.S. citizens and companies will generally be prohibited from conducting transactions with them. The U.S. Treasury Department also issued a general license on August 18, allowing certain transactions involving Akane and Sey to be wound down until September 17.

Why Did the U.S. Impose the Sanctions?

Secretary of State Marco Rubio said Akane and Sey were directly involved in ICC efforts to investigate, arrest, detain or prosecute officials from countries whose governments have not accepted the court’s jurisdiction. Rubio has accused the ICC of exceeding the limits of its authority and said its actions pose a threat to U.S. sovereignty. The Trump administration has repeatedly argued that the ICC has sought to expand its jurisdiction by taking legal action against officials from the United States and its close ally, Israel.

Neither the United States nor Israel is a member of the ICC. Under the Rome Statute, however, the court can exercise jurisdiction over certain international crimes committed on the territory of a member state, including in circumstances involving nationals of non-member countries.

ICC Arrest Warrants for Netanyahu and Gallant

The ICC issued arrest warrants in November 2024 for Israeli Prime Minister Benjamin Netanyahu and then-Defense Minister Yoav Gallant in connection with alleged war crimes related to the Gaza conflict. The decision further intensified tensions between Washington and the ICC. The Trump administration has since imposed several rounds of sanctions against officials associated with the court.

Former ICC Prosecutor Karim Khan, along with several judges and other court officials, had previously been placed under U.S. sanctions. The addition of Akane and Sey further expands the list of ICC officials targeted by Washington.

ICC Condemns U.S. Action

Following the latest sanctions, the ICC strongly condemned the U.S. decision on Wednesday. The court described the move as a serious attack on judicial independence and a threat to the international rule-of-law system. The ICC said that when judicial officials face threats and pressure for carrying out their legal responsibilities, it puts not only the independence of the court but the broader international justice system at risk.

The court also warned that such coercive measures could undermine the ability of victims of war crimes and other serious international crimes to seek justice.

Japan Voices Rare Criticism

Japan has criticized the United States over the sanctions imposed on its citizen and ICC President Tomoko Akane. On Wednesday, Japan’s Foreign Ministry described the U.S. decision as “very unfortunate.” Tokyo said it has long supported the ICC’s efforts to ensure accountability for the most serious crimes of concern to the international community.

Japan also reaffirmed its commitment to strengthening the rule of law within the international community and said it would continue discussions with relevant countries on the issue. The public criticism from Japan, a close U.S. ally, is considered significant amid growing international debate over the future of the ICC.

Netherlands Supports the ICC

The ICC is headquartered in The Hague, Netherlands. Dutch Foreign Minister Tom Berendsen has also opposed the U.S. sanctions. He said international courts and tribunals must be allowed to carry out their responsibilities independently. Berendsen also invited ICC President Tomoko Akane for discussions and reaffirmed the Netherlands’ continued support for the court.

Trump Administration’s Campaign Against the ICC

The Trump administration’s current campaign against the ICC began on February 6, 2025, when President Donald Trump signed an executive order titled “Imposing Sanctions on the International Criminal Court.”

The executive order subsequently became the basis for sanctions against several ICC officials. The addition of Akane and Sey represents another escalation in Washington’s pressure campaign against the court.

In July, Rubio took an even tougher position, saying the Trump administration would intensify its campaign against the ICC. Washington has also encouraged other countries to reconsider their membership in the court.

Growing International Divide Over the ICC

The latest U.S. sanctions have further exposed divisions among Western allies over the ICC and its role in international justice. Japan and the Netherlands have defended the court’s independence, while several European countries have also expressed support for the ICC and the principle of judicial independence.

At the same time, political pressure surrounding the ICC has increased among its member states, with some countries recently discussing or considering whether to withdraw from the court.

The legality of U.S. sanctions against ICC officials is also being challenged in U.S. courts. In June, three ICC judges filed a lawsuit against the Trump administration, while human rights organizations have filed separate legal challenges. The new sanctions against Tomoko Akane and Abdoulaye Sey mark another escalation in the ongoing confrontation between the Trump administration and the ICC.

Washington argues that the court’s actions threaten U.S. sovereignty and the security of its allies. The ICC, meanwhile, maintains that pressure and sanctions against judicial officials threaten the independence of international justice and the rule of law.

Shibbir Ahmed, New York: U.S. President Donald Trump has ruled out any immediate negotiations with Iran, as the standoff over the strategically vital Strait of Hormuz deepens and uncertainty over global energy supplies continues to grow.

Trump said Tuesday, August 18, that no talks were currently taking place with Tehran and that none were scheduled. His comments came as Iran insisted that the Strait of Hormuz remains closed to shipping and said the waterway would stay shut until the United States meets its demands.

The conflicting claims have added to uncertainty surrounding one of the world’s most important energy corridors. The Strait of Hormuz carries roughly one-fifth of global crude oil and liquefied natural gas shipments, making prolonged disruption a major concern for energy markets and the global economy.

No Talks With Tehran

Trump’s statement marked a sharp departure from earlier suggestions that diplomatic contacts might resume. Iran has indicated that it is willing to discuss the conflict, but Tehran has demanded significant concessions, including an end to the U.S. blockade, the release of frozen Iranian assets and other measures before normal shipping through the strait can resume.

Trump, however, has rejected the idea that Washington is currently negotiating with Tehran and has continued to maintain pressure on Iran.

The breakdown follows the expiration of a 60-day U.S.-Iran memorandum that had been intended to provide time for negotiations toward a broader agreement. The arrangement expired without a lasting peace deal, leaving the two sides further apart.

Hormuz Traffic Falls Sharply

Despite Trump’s assertion that the Strait of Hormuz is open, commercial shipping through the waterway remains severely restricted.

According to Kpler data cited by Reuters, only six commodity vessels passed through the strait on Tuesday, down from nine the previous day and below the recent average of about 11 daily transits. Major shipowners continue to avoid the waterway because of security concerns.

The decline in shipping has raised concerns about the continued flow of oil and gas from the Persian Gulf.

China, one of the world’s largest buyers of Middle Eastern energy, is particularly exposed to the disruption. Two major Chinese shipping companies that previously transported a substantial share of China’s Middle Eastern oil imports have stopped operating through the Strait of Hormuz and Bab al-Mandeb.

Oil Prices Under Pressure

The uncertainty has already affected global energy markets. Brent crude was trading around $91.20 a barrel on Wednesday, August 19, while U.S. West Texas Intermediate crude was around $85.10 a barrel. Both benchmarks had reached their highest levels since late July before retreating slightly.

Analysts say the continuing risk surrounding Hormuz is keeping a geopolitical premium in oil prices. If the disruption persists or the conflict escalates, crude prices could move substantially higher again.

The implications extend beyond gasoline and transportation costs. Higher energy prices can increase inflationary pressure, raise production and shipping costs, and complicate economic policy for governments around the world.

Iran Says Strait Will Remain Closed

Iran has maintained that the Strait of Hormuz will remain closed until Washington meets conditions Tehran considers necessary for reopening the waterway. The Iranian position directly contradicts Trump’s assertion that the strait remains open and safe.

The standoff has effectively created two competing realities: Washington says commercial shipping can use the waterway, while Tehran maintains that normal passage will not resume until its demands are addressed. That uncertainty itself has become a major problem for shipping companies, insurers and energy traders.

Regional Tensions Escalate

The crisis is no longer limited to the United States and Iran. The United Arab Emirates announced Wednesday that it had suspended financial and economic transactions with Iran following what it said were Iranian missile launches toward maritime areas. Iran denied the UAE’s allegations.

The UAE’s decision represents another significant escalation because the country has historically been an important commercial and financial channel for Iran despite extensive U.S. sanctions.

The crisis has also affected shipping beyond the Gulf, with security concerns extending to the Red Sea and the Bab al-Mandeb waterway.

Washington and Tehran Remain Far Apart

The collapse of the latest diplomatic effort leaves little indication of an immediate breakthrough. Iran wants sanctions relief, an end to the U.S. blockade, the release of frozen assets and compensation related to the conflict. Trump has rejected Iran’s demands and has continued to apply economic and military pressure.

Both sides have also accused the other of blocking the path to peace. The result is a dangerous stalemate: the United States says it wants Iran to accept an agreement on its nuclear program and broader security concerns, while Tehran insists that Washington must first change its own military and economic policies.

Global Economic Consequences

The Strait of Hormuz crisis is being closely watched far beyond the Middle East. A prolonged disruption could affect energy-importing economies across Asia and Europe, particularly countries heavily dependent on Gulf oil and gas.

Higher crude prices could also increase inflation at a time when central banks are attempting to balance economic growth with price stability. Reuters reported that financial markets have already been reacting to the broader U.S.-Iran confrontation, with concerns over energy disruptions contributing to higher borrowing costs and renewed inflation fears.

A Critical Test for Diplomacy

For now, the immediate question is whether Washington and Tehran can return to negotiations before the Hormuz crisis becomes a longer-term disruption to global trade. Trump has ruled out current or scheduled talks, while Iran continues to link the reopening of the waterway to political and economic concessions.

Meanwhile, commercial vessels are avoiding the strait, oil prices remain elevated and regional tensions continue to spread. The longer the standoff lasts, the greater the risk that the Strait of Hormuz becomes not only a flashpoint in the U.S.-Iran conflict but also a major source of instability for the global economy.

For the international community, the stakes extend well beyond the Middle East: the future of one of the world’s most important shipping routes—and the stability of global energy markets—may depend on whether diplomacy can be restored.

Shibbir Ahmed, Washington, D.C.: Bangladesh-U.S. bilateral relations appear to be entering a new phase, with growing engagement on trade and investment alongside broader discussions on strategic cooperation, regional security, and the Rohingya crisis. The two countries’ trade agreement earlier this year and the recent visit to Bangladesh by U.S. Special Envoy for South and Central Asia Sergio Gor have brought renewed attention to the economic and strategic dimensions of the relationship.

Gor visited Bangladesh from July 30 to August 1. Following the visit, the U.S. Embassy in Dhaka said the trip underscored the breadth and depth of the Bangladesh-U.S. relationship and reaffirmed Washington’s commitment to strengthening bilateral strategic and economic ties.

Renewed Interest in Investment

During a meeting with Sergio Gor, Bangladesh Prime Minister Tarique Rahman called for greater U.S. investment and stronger economic engagement between the two countries. The discussions covered trade, investment, the Rohingya crisis, and a range of issues of mutual interest.

Gor expressed a positive assessment of Bangladesh’s political and economic stability. He pointed to recent positive developments in the country and suggested that changes in the U.S. travel advisory could send a favorable message to American investors about Bangladesh as an investment destination.

The two sides also discussed potential U.S. investment in Bangladesh and opportunities for financing through the U.S. International Development Finance Corporation (DFC). The possibility of a future visit to Bangladesh by a delegation from the U.S.-Bangladesh Business Council was also discussed.

If these initiatives translate into concrete projects, they could expand opportunities for U.S. companies in areas such as infrastructure, energy, technology, manufacturing, and other emerging sectors.

A New Framework for Trade Relations

One of the most significant recent developments in Bangladesh-U.S. economic relations has been the signing of the Agreement on Reciprocal Trade (ART) earlier this year. Signed on February 9, 2026, the agreement seeks to expand market access and provide a new framework for bilateral trade. According to information from the Office of the U.S. Trade Representative, Bangladesh has committed to providing various market-access benefits for U.S. industrial and agricultural products, including machinery, medical equipment, information and communications technology products, energy-related products, and agricultural goods.

For Bangladesh, access to the U.S. market, export opportunities, and increased American investment remain important economic priorities. Against this backdrop, Gor’s visit can also be viewed as part of the broader effort to translate the commitments of the February trade agreement into deeper commercial and investment ties.

Strategic Importance Beyond Economics

Bangladesh’s geographic position also adds a strategic dimension to its relationship with the United States. Located along the Bay of Bengal and within the broader Indo-Pacific region, Bangladesh has increasing economic and geopolitical significance.

During Gor’s visit, discussions extended beyond trade and investment to issues related to regional cooperation and security. There are also opportunities for expanding bilateral cooperation in areas such as technology, investment, and security.

Recent international analyses have highlighted the growing strategic engagement between Washington and Dhaka. Bangladesh’s expanding economic relationship with China, changing dynamics with India, and the broader competition among major powers in the Bay of Bengal have all contributed to increased international attention toward Bangladesh.

However, viewing Bangladesh-U.S. relations solely through the lens of competition with China or India would overlook the broader interests shaping the bilateral relationship. Trade, investment, security, technology, and humanitarian cooperation all have their own significance in the relationship.

Rohingya Crisis Remains a Major Area of Cooperation

The Rohingya crisis remains another important pillar of Bangladesh-U.S. relations. During his Bangladesh visit, Sergio Gor visited a Rohingya refugee camp in Ukhia, Cox’s Bazar. Rohingya representatives called for continued international support for a safe, voluntary, sustainable, and dignified repatriation process.

Bangladesh has hosted a large Rohingya refugee population since hundreds of thousands fled violence in Myanmar. The country has repeatedly sought stronger international support for humanitarian assistance and a sustainable solution to the crisis. The United States remains an important humanitarian partner for Bangladesh on the Rohingya issue. As a result, humanitarian cooperation continues to complement the broader economic and strategic relationship between the two countries.

Why Bangladesh Matters More to Washington

Bangladesh is one of South Asia’s major economies, with a large consumer market and a substantial workforce. Its manufacturing base, particularly the ready-made garment sector, along with its growing services and technology sectors, offers opportunities for foreign investors.

For the United States, Bangladesh is an important trading partner and a potentially significant market for American companies. For Bangladesh, the United States remains one of its most important export destinations.

This creates a degree of economic interdependence between the two countries. Washington has an interest in expanding trade and investment opportunities in Bangladesh, while Dhaka is seeking greater access to the U.S. market, more American investment, technology cooperation, and stronger economic partnerships. Bangladesh’s location along the Bay of Bengal and its role in the wider Indo-Pacific further enhance its importance.

Implementation Will Be the Real Test

Despite the recent diplomatic momentum, the key question is whether political engagement and economic agreements will translate into measurable long-term results. The implementation of commitments under the Reciprocal Trade Agreement, the level of interest shown by U.S. companies in new investments in Bangladesh, and the future trajectory of bilateral trade will help determine the next phase of the relationship.

At the same time, Bangladesh will need to maintain a balanced foreign policy while protecting its economic interests and managing relations with major powers, including the United States, China, and India.

Recent developments suggest that Bangladesh-U.S. relations are no longer limited to traditional trade or garment exports. Trade, investment, technology, humanitarian cooperation, regional security, and Indo-Pacific geopolitics are increasingly shaping a broader and more multidimensional partnership.

Sergio Gor’s visit and the Reciprocal Trade Agreement signed earlier this year are two significant indicators of this evolving relationship. The next challenge will be turning the current diplomatic and economic momentum into sustained, mutually beneficial partnership.