Still a long way to go (opens original article in a new tab)

Oil prices are unlikely to drop immediately after the US-Iran ceasefire, with Thailand's economy facing ongoing structural challenges despite potential inflation relief from lower energy costs. Shipping recovery in the Strait of Hormuz is expected to be gradual, with continued risks and possible freight rate increases.

• Oil prices may not drop immediately despite a US-Iran ceasefire, with global attention on peace agreement progress.
• Thailand's economy faces structural challenges, and lower oil prices could ease inflation but not resolve broader issues.
• Shipping recovery through the Strait of Hormuz is expected to be gradual, with ongoing risks and potential for freight rate increases.