Dhaka, June 19 -- Reza Mahmud

* Remittance inflows and international supply of goods is disrupted, prices of essential commodities such as wheat, sugar, and edible oil will rise

* Bangladeshi policymakers should take precautionary steps, seek out alternative markets and long-term plans for overseas employment

The ongoing armed conflict between Israel and Iran poses a severe threat to Bangladesh's economy, warned business leaders.

They asked the government to take precautionary measures saying it is important for economy amid Mid-East conflict.

Business leaders said, immediately after the attack, there was a swift reaction in the global market. The price of Brent crude oil, the benchmark in the international market, surged by more tha...