Houthi rebels have now joined the conflict in the Middle East, adding pressure on the potential for further oil price increases, according to analysts. AFPAnalysts are expressing concerns about the new government's ability to manage skyrocketing oil prices, as Houthi rebel involvement signals a broadening and prolonged conflict in the Middle East. These developments have prompted analysts to believe oil will stay above $80 a barrel longer than we'd thought." Rakpong Chaisuparakul, senior vice-president at KGI Securities (Thailand), said that while early signs convinced the market that Thailand can secure sufficient energy supplies, energy prices may remain elevated for a prolonged period. "On the negative side, the adverse impact from soaring oil prices is more obvious.

Source: Bangkok Post March 30, 2026 23:06 UTC