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Pakistan, Bangladesh face economic squeeze as US-Iran crisis widens

South China Morning Post 31 July 2026 18h ago
Pakistan, Bangladesh face economic squeeze as US-Iran crisis widens
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Pakistan and Bangladesh are entering the latest phase of the US-Iran conflict with thinner cushions than many Asian economies, raising the risk that another oil shock could quickly spill into higher food, transport and electricity costs for millions of people, analysts have said. Both economies rely heavily on imported fuel, leaving them particularly vulnerable to any prolonged spike in oil and di
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