Thailand is bolstering ASEAN energy cooperation to address supply instability stemming from Middle East tensions. ASEAN heavily relies on Middle Eastern imports, and disruptions to routes like the Strait of Hormuz are impacting supply chains and fuel prices. Thailand is implementing measures to enhance energy security, including increased domestic production and regional collaboration.
DSV cautioned about continued market uncertainty stemming from the Middle East conflict, potentially impacting oil prices. Concerns are rising regarding energy supply chains due to instability in the Strait of Hormuz. DSV maintains its full-year outlook but acknowledges potential adjustments based on evolving circumstances.
The webinar analyzed the geopolitical situation in the Middle East, particularly focusing on Türkiye, and its impact on global trade and the economy. It highlighted the risks associated with the US-Iran conflict and potential for broader regional instability, alongside the disruption to energy markets and supply chains. Credendo shared its updated risk assessments for Türkiye, acknowledging recent downgrades due to the conflict while emphasizing the country's economic resilience.