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Updated · Bangkok Post · Apr 19Thailand Hit by Oil Shock as Middle East Crisis Fuels Inflation and Investor Exodus
17 articles · Updated · Bangkok Post · Apr 19
- Thailand faces economic strain as Middle East conflict disrupts oil supplies and pushes prices toward $100 per barrel.
- PTT Plc is diversifying crude imports and the government assures oil reserves for 109 days, but inflation and factory closures are rising.
- Investor confidence has dropped, growth forecasts have been cut, and Thailand’s heavy reliance on imported energy leaves it especially vulnerable.
With foreign investors fleeing, can Thailand's economy survive the escalating Mideast crisis? Can Thailand's energy giant PTT truly replace its massive Middle East oil imports? Beyond oil, what critical global supply chains are now breaking in the Hormuz chaos? Oil is past $100 a barrel. How high could prices go if Hormuz remains closed? As gunfire erupts in the Strait of Hormuz, is a full-scale war inevitable? With a US blockade and Iranian attacks, has the Mideast ceasefire already collapsed?