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Bangladesh hikes fuel prices
The Strait of Hormuz has experienced a sharp decline in shipping activity, with only 12 ships passing through beforehand, ahead of a summit between Trump and Xi, amid fears of escalating tensions in the region. This comes at the same time as the worsening crisis causing delays in regional gas projects, and oil prices have fallen to their lowest level in over a week, impacting Asian stock markets. These developments occur amid increasing risks threatening global energy supply stability.
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