“Somkid” Expects Limited Impact from U.S.-Iran Tension, Thai ECON Remains Strong

The rising tension between the U.S. and Iran dispute is unlikely to have a major impact on Thailand, said Deputy Prime Minister Somkid Jatusripitak tells reporters in Bangkok.

Mr. Somkid also stated that the tension is an external factor while Thailand’s overall economy remains strong with plenty of foreign exchange reserves. However, the situation needs to be monitored closely and cautiously as the cost of oil prices could spike.

 

Meanwhile, Chairman of the Federation of Thai Capital Market Organizations (FETCO) Paiboon Nalinthrangkurn has stated that both the U.S. and Iran would find the best resolution together and starting a war would be the last resort. Mr. Paiboon also believes that the escalation of oil prices would not reach $100/bbl.