People hold flags and placards as women lead a march for the return of the hostages kidnapped during the deadly Oct 7 attack by Hamas, in Tel Aviv, Israel on Thursday. 
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People hold flags and placards as women lead a march for the return of the hostages kidnapped during the deadly Oct 7 attack by Hamas, in Tel Aviv, Israel on Thursday. REUTERS

Amidst a stagnant domestic economy, geopolitical tensions in the Middle East are regarded as a crucial factor that could greatly impact the Thai private sector as the war between Israel and Hamas drags on for over a year with no end in sight.

From soaring oil prices to shipping blockages, Thai industry leaders and economists have warned these conflicts could affect the Thai currency as higher fuel prices lead to inflation, forcing countries…

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