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Mekong's Oil Crisis: Prices Surge Amid Iran Tensions

3/4/2026

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Story summary
  • The Mekong region—Thailand, Laos, Cambodia, and Myanmar—depends on Middle Eastern oil and gas due to disruptions after US and Israeli attacks on Iran, with prices rising from $72 to $82 per barrel.
  • Iran targeted tankers and energy facilities in the Gulf in retaliation.
  • U.S. President Donald Trump offered naval escorts for tankers and support for shipping insurers.
  • Thailand has 61 days of fuel reserves, with half in transit.