Senior Thai business leaders are warning that escalating tensions between the United States and Venezuela could carry tangible economic consequences for Thailand, particularly through energy prices, global trade disruption, and financial market volatility.

The concerns come amid renewed geopolitical friction that has unsettled commodity markets and raised uncertainty for export-oriented economies.

Executives from Thailand’s energy, manufacturing, and logistics sectors say the risk of supply disruptions or tighter sanctions affecting Venezuelan oil could add pressure to global crude prices, complicating cost structures for fuel-dependent industries.

Thailand, which remains a major energy importer, is especially sensitive to sharp swings in oil prices that feed into transportation, production, and consumer costs.

Trade specialists also point to indirect effects, noting that prolonged US–Venezuela strain could weaken confidence in emerging markets more broadly.

Any slowdown in global demand or tightening of financial conditions would weigh on Thai exports, particularly electronics, automotive components, and agricultural goods that rely on stable international supply chains.

Despite these concerns, business groups emphasize Thailand’s underlying economic resilience, citing diversified trade partnerships, prudent financial regulation, and ongoing government efforts to strengthen infrastructure and investment attractiveness.

They note that proactive policy coordination and contingency planning can help cushion external shocks while maintaining growth momentum.

Industry representatives are urging close monitoring of geopolitical developments and continued engagement with regional partners to ensure supply chain stability.

They argue that maintaining open trade routes and predictable energy access will be essential as global tensions test the outlook for international commerce in the months ahead.