US oil firms may gain from Iran war, investment uncertain

At its narrowest navigable point, the Strait of Hormuz is just 21 nautical miles (38.9 km) wide, with shipping lanes only two miles across in each direction. Yet through that corridor passes roughly one-fifth of global petroleum liquid consumption.

Iranian attacks on Dubai and the closure of its airport have triggered a scramble among the wealthy to leave the emirates via alternative routes on private jets.

The United States and Israel attacked Iran on Saturday in a development that could lead to a closure of the Strait of Hormuz, a major oil export route, for days.

The US-Israeli strikes against Iran and reprisals by Tehran could severely disrupt the global supply of crude oil and send prices soaring to levels not seen in years.

On February 23, three Bangladeshi-origin members of the Arakan Army (AA), the dominant ethnic armed organization (EAO) in Myanmar’s Rakhine State, were apprehended by the Border Guard Bangladesh while infiltrating Bangladesh through the Chattogram Hill Tracts. Some 168,000 Myanmar kyat (around 9,800 Bangladeshi taka) were recovered from them.