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Allies refuse Hormuz escort as Trump blasts ‘ingratitude’
Allies refuse Hormuz escort as Trump blasts ‘ingratitude’
TUESDAY, MARCH 17, 2026
US allies decline to send warships to secure Strait of Hormuz as Middle East conflict escalates, disrupting global energy flows and fuelling market volatilityThai business groups push diesel tax cuts as energy crisis intensifies
Thai business groups push diesel tax cuts as energy crisis intensifies
MONDAY, MARCH 16, 2026
Thai transport and industry groups urge diesel tax cuts and price cap as Middle East tensions drive oil higher, raising inflation and economic risks nationwideMotegi, Rubio Vow Close Communication over Strait of Hormuz
Motegi, Rubio Vow Close Communication over Strait of Hormuz
MONDAY, MARCH 16, 2026
Japanese Foreign Minister Toshimitsu Motegi and US Secretary of State Marco Rubio on Monday (March 16) agreed to maintain close communication amid Iran's de facto blockade of the Strait of Hormuz.Japan Starts Releasing Oil Reserves
Japan Starts Releasing Oil Reserves
MONDAY, MARCH 16, 2026
The Japanese government started releasing its oil reserves on Monday (March 16) to tackle the effective closure of the Strait of Hormuz by Iran in response to US-Israeli strikes on Iran.Middle East crisis drives fresh demand for Thai ultra-luxury homes
Middle East crisis drives fresh demand for Thai ultra-luxury homes
MONDAY, MARCH 16, 2026
Thailand’s property sector is seeing rising interest from wealthy Middle Eastern buyers seeking ultra-luxury homes, as regional conflict fuels demand for safe long-term bases.UAE’s Fujairah port hit by drone attack, oil loading suspended
UAE’s Fujairah port hit by drone attack, oil loading suspended
MONDAY, MARCH 16, 2026
Two sources said the UAE's Fujairah port suspended oil-loading operations after a drone attack sparked a fire in the petroleum industrial zone.GULF Secures FinanceAsia Award 2025 for Landmark THB 7 Billion Green Loan for LEED Gold-Certified GSA Data Center 01
GULF Secures FinanceAsia Award 2025 for Landmark THB 7 Billion Green Loan for LEED Gold-Certified GSA Data Center 01
MONDAY, MARCH 16, 2026
Gulf Development Public Company Limited (GULF) has been honored with the “Best Structured Finance Deal (Thailand)” award at the FinanceAsia Awards 2025.SRT reviews loss strategy as oil prices soar and costs outpace income
SRT reviews loss strategy as oil prices soar and costs outpace income
MONDAY, MARCH 16, 2026
Surging oil prices are directly driving up the State Railway of Thailand’s operating costs, forcing a review of its projected 18-billion-baht annual loss as fuel expenses outpace fare income.Energy Minister Mobilises Fuel Tanker Fleet to Combat Forecourt Shortages
Energy Minister Mobilises Fuel Tanker Fleet to Combat Forecourt Shortages
MONDAY, MARCH 16, 2026
Auttapol Rerkpiboon orders increased delivery cycles and additional haulage capacity to stabilise national fuel supplies following temporary deficitsPM holds tense two-hour talks with economic team on Middle East energy crisis
PM holds tense two-hour talks with economic team on Middle East energy crisis
MONDAY, MARCH 16, 2026
Anutin convened the full economic team over the energy crisis and living costs amid heightened Middle East tensions, but stayed silent on diesel support