Thai stocks jump following US-Iran peace deal

[00:00:01]US President Donald Trump has announced a peaceful deal with Iran. How does this deal impact Asian economies?

[00:00:09]Thailand's stock market SET jumped over 1,600 points, while South Korea's KOSPI was the top performer, soaring more than 5.54% in early trading. Japan's Nikkei 225 also advanced 5%. Jump start in Asian economies were driven by the agreement between US and Iran. President Trump had wrote on his social media platform, "The deal with the Islamic Republic of Iran is now complete. Congratulations to all.

[00:00:40]I hereby have fully authorized the toll free opening of the Strait of Hormuz and simultaneously herewith authorize the immediate removal of the United States naval blockade." After Trump posted this announcement, global oil prices have plummeted over 4% as the WTI crude fell by 5%, while the Brent crude dropped by 4.5%.

[00:01:04]So, will this deal drive the Thai economy, or could it create new risks to Thailand?

[00:01:10]Global oil supply chain may still need time to recuperate to pre-war levels, will energy prices decline further, and can inflation in Thailand genuinely ease?

[00:01:21]While the United States and Iran are expected to sign the deal by this Friday, how will this deal affect Thailand and the wider region? We will have more details on the next move this Thursday.