War creates energy price risks, warn executivesA US flag flutters in the wind as an oil tanker sits anchored off the California coast. Markets swung wildly after the conflict in Iran effectively closed oil and gas shipping through the Strait of Hormuz. Despite this risk, Mr Win believes the conflict is unlikely to expand beyond Iran's territory into a regional war. OIL PRICE CONCERNSMr Kobsak said risks remain elevated as the shipping lane is only about three kilometres wide. Channarong Kitinartintranee, head of investment strategy at the CIO Office of Kasikornbank, said the current level of oil prices would not "significantly affect the economy, as inflation could rise by 0.4%".

Source: Bangkok Post March 06, 2026 22:36 UTC