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Thai officials warn that a prolonged Iran war could hurt tourism and investment in Thailand. Each 10% rise in oil above the US$72-per-barrel base assumption could lift headline inflation by roughly 0.8 percentage points.
Higher oil lifts Thai inflation and pressures the baht toward 33 per dollar, raising import costs for feed ingredients priced in dollars.
nationthailand.comMar 18, 2026After 656 past bullish geopolitics events, Crude Oil (Brent) moved a median +1.9% over 5 sessions (63% higher; middle half -2.7% to +6.6%), and +0.7% over 20.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
