Thailand’s Ministry of Commerce issued directives to state bodies to devise strategies to mitigate potential surges in energy costs in the event of an escalation in the Israel-Iran conflict. The directive follows Iran’s missile and drone assault on Israel, a retaliatory move against Israel’s alleged attack on Iran’s consulate in Damascus earlier this month.
This marked the first direct attack by Iran on Israel in a longstanding shadow conflict, typically characterised by Iran launching assaults on Israel via terror proxies.
In response to the escalating situation, Commerce Minister Phumtham Wechayachai announced that he had tasked the ministry, the International Trade Promotion Department, the Trade Policy and Strategy Office, and foreign commerce diplomats with assessing potential impacts on Thai trade. Phumtham also called for…
