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Search Result for “Strait of Hormuz”

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GENERAL

Office fears strait's closure could disrupt shipments

Business, Phusadee Arunmas, Published on 25/06/2025

» The possible closure of the Strait of Hormuz could increase transport costs and freight rates for Thailand, while also affecting inflation and exports to the Middle East, says the Trade Policy and Strategy Office (TPSO).

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GENERAL

Oil prices fluctuate as Mideast tensions persist

Yuthana Praiwan, Published on 24/06/2025

» Global oil prices remain volatile amid rapid changes in the Israel-Iran war, with the crude price surge losing momentum after US President Donald Trump announced a ceasefire between the two countries.

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GENERAL

Travellers appear unfazed by Mideast airspace disruptions

Molpasorn Shoowong, Published on 24/06/2025

» Despite a possible ceasefire between Iran and Israel, disruptions to aviation in the Middle East might affect tourists’ decisions, though travel sentiment is expected to improve if tensions subside, travel industry executives said on Tuesday.

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GENERAL

PTT Oil and Retail Business says Cambodian oil ban will not affect firm

Business, Yuthana Praiwan, Published on 24/06/2025

» SET-listed PTT Oil and Retail Business (OR) does not expect Cambodia's ban on energy imports from Thailand to seriously affect its trade through 186 petrol stations in Cambodia.

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GENERAL

Thai shippers allay concerns over closure of Strait of Hormuz

Business, Phusadee Arunmas, Published on 24/06/2025

» The Thai National Shippers' Council says a complete closure of the Strait of Hormuz would boost oil prices. However, negotiations are expected to address this issue and the situation will be resolved soon.

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INVESTMENT

Attack on Iran puts pressure on Thai stocks

Business, Published on 24/06/2025

» The Stock Exchange of Thailand (SET) is on high alert as the US bombing of Iran has raised fears of further attacks and intensifying conflict in the Middle East, leading global oil prices to spike.

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WORLD

Iranian retaliation against US forces could come soon, US officials say

Published on 23/06/2025

» WASHINGTON - The United States believes Iran could carry out retaliatory attacks targeting American forces in the Middle East soon, although the US is still seeking a diplomatic resolution that would see Tehran forego any attack, two US officials said on Monday.

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WORLD

Iran vows retaliation for US strikes as Israel keeps up attacks

AFP, Published on 23/06/2025

» TEHRAN - Tehran threatened on Monday to inflict "serious" damage in retaliation for US strikes on the Islamic republic's nuclear facilities, as the Iran-Israel war entered its 11th day despite calls for de-escalation.

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INVESTMENT

SET index plummets on Mideast war

Nuntawun Polkuamdee, Published on 23/06/2025

» The Stock Exchange of Thailand (SET) plunged more than one percent on Monday morning, rattled by heightened fears of a broader global  conflict following the weekend military strike by the US on Iran nuclear weapons plants..

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GENERAL

Global gold edges higher, oil hits five-month high after US joins Israeli attacks on Iran

Published on 23/06/2025

» Gold edged higher as the world waited for Iran’s response after the United States joined the Israeli assault on Iran over the weekend, risking a wider war that could push up energy prices.