1、CoverResearch IntelligenceBeyond the Barrel:Middle EastConflict Spillovers to ASEAN April 2026Krungsri ResearchContentExecutive Summary3Introduction4Transmission Channels to ASEAN Economies5ASEAN Vulnerabilities to Commodity Imports and External Stability7Energy Price Policy Responses in ASEAN11Krun
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6、o ASEAN The 2026 Middle East conflict has disrupted global energy supply in ways that differ from past crises,particularly due to damage to multiple key energy infrastructure facilities.As a result,energy prices are likely to remain elevated for an extended period,even if the intensity of the confli