Financial Wire

Market Chatter: Thailand Seeks Oman's Aid to Secure Safe Hormuz Passage

-- Thailand's Foreign Affairs Minister Sihasak Phuangketkeow is in Oman to discuss regional security and ensure Thai cargo shipments can continue transiting the strategic waterway safely, The Bangkok Times reported Thursday.

The trip, at the invitation of Omani Foreign Minister Sayyid Badr bin Hamad Al Busaidi, will cover regional security and potential diplomatic engagement, including with Iran. A key focus is to facilitate the transit of Thai shipments of oil, gas and fertilizer through the strategic shipping route, reportedly.

During the visit, Sihasak will meet senior Omani defense and energy officials and thank authorities for rescuing Thai crew members and assisting in search operations for those missing. Separately, Thailand has suspended the deployment of workers to several Middle Eastern countries due to heightened security risks.

Separately, the Thai embassy in Tehran has issued a warning urging nationals to prepare for possible evacuation, citing a fragile ceasefire and risk of renewed conflict.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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