Thailand’s PTT to freeze pump prices as Iran attacks spur panic buying in Mekong area

2026-03-04 - 06:46

Thailand’s state-backed energy giant PTT will freeze pump prices for 15 days as war in the Middle East throttles the flow of oil and gas through the crucial Strait of Hormuz, spurring panic buying and some fuel rationing across parts of the Mekong. Thailand, Laos, Cambodia and Myanmar are heavily reliant on Middle Eastern oil and gas, whose flows have been strangled since the weekend when the US and Israel attacked Iran, prompting Tehran to strike back, hitting tankers and energy facilities...