Cargo Piles Up as Vital Bangladesh-Middle East Trade is Halted
Bangladeshi exporters are experiencing significant disruptions to their trade with the Middle East following Iran's closure of the Strait of Hormuz. This has resulted in over a thousand containers being stranded and has led carriers to suspend new bookings. Exporters of garments and processed foods are among the most heavily impacted, with shipments destined for the Gulf countries currently stuck at Chittagong port, inland container depots, and regional transit points, according to industry figures. Bangladesh maintains trade relations with seven Middle Eastern nations via the...