Cautious investments urged amid chaos of Mideast warInvestors are being advised to raise cash positions amid heightened volatility in the Middle East, says InnovestX Securities, warning that a prolonged conflict could materially weaken Thailand's economic outlook while amplifying fiscal and financial risks. Head of research Sutthichai Kumworachai said persistently high oil prices are eroding purchasing power, raising production and transportation costs, and weakening consumption. If global oil rises further towards $120 per barrel, the impact could intensify across the economy, he pointed out. For Thailand, the trajectory of growth will depend on how long the conflict persists and how high oil prices climb. Markets remain highly sensitive to developments in the Middle East, particularly risks to the Strait of Hormuz, which handles nearly 20% of global oil flows.

Source: Bangkok Post March 31, 2026 14:22 UTC