Prime Minister Anutin Charnvirakul leaves the Office of the National Security Council after chairing a high-level meeting to assess the economic and security implications of the conflict in the Middle East on Monday. "The impact of the conflict in the Middle East has been felt to a degree, but it remains manageable and can be addressed. Mr Anutin said global oil prices had risen briefly following the outbreak of hostilities but subsequently eased, citing a significant global supply surplus. Finance Minister Ekniti Nitithanprapas said world oil prices had initially surged by about 10% before moderating to a 5% increase. In the first, if the conflict concludes within one month but the Strait of Hormuz is closed, oil prices could rise to between US$95 and US$105 per barrel.

Source: Bangkok Post March 02, 2026 23:18 UTC