Geopolitical tensions between Israel and Iran have the potential to significantly impact the Thai economy. The International Monetary Fund (IMF) has recently revised its GDP forecast for Thailand from 4.4% to 2.7% due to the conflict. Asian stock markets have already felt the effects, with increases in energy costs and gold prices. Thailand's Stock Exchange (SET) index has experienced fluctuations, reaching its lowest point in over three years. However, Thailand's national oil and gas conglomerate, PTT Plc, has assured that the country has enough oil to meet demand. While Thai exports may be marginally affected, the impact is expected to be minimal due to the limited trade between Thailand and Iran. El Al Airlines, Israel's national airline, continues to operate flights between Tel Aviv, Bangkok, and Phuket. Jet fuel prices have not seen significant increases as a result of the unrest in the Middle East. The weak baht is affecting airlines as most expenses are dollar-denominated [57d1581a].