Thai Chamber of Commerce Warns to Increase Stocks Against New Tension in the Strait of Hormuz

Pot Aramawatthanon, President of the Thai Chamber of Commerce, warned about a possible closure in the Strait of Hormuz following the renewed escalation of tensions between the US and Iran despite the ceasefire agreement signed in mid-June. It was stated that this situation would directly affect maritime transport, freight rates, insurance costs, and energy prices.

Shipowners rearranged their routes in the region based on lessons learned from the previous crisis; it was reported that ships are being diverted to Khor Fakkan in the UAE and Salalah or Sohar ports in Oman instead of the Strait of Hormuz. For this reason, it was noted that the number of ships currently passing through the strait is quite low.

Thai manufacturers were advised to avoid panic but monitor the situation closely, increase their raw material stocks, and make contingency plans against potential logistical crises. The Chamber of Commerce announced that it would continue collaborating with its members and official authorities to ensure commercial and energy security.