Indonesian Political, Business & Finance News

Strait of Hormuz Closed, Thailand’s Energy Reserves Secure for Up to 60 Days

| | Source: KOMPAS Translated from Indonesian | Energy
Strait of Hormuz Closed, Thailand’s Energy Reserves Secure for Up to 60 Days
Image: KOMPAS

The Thai government has banned the export of all petroleum products following rising geopolitical tensions in the Middle East that led to the closure of the Strait of Hormuz. This emergency policy was implemented to safeguard national energy security and protect domestic fuel supplies.

Quoted from Nation Thailand, Wednesday 4 March 2026, the Ministry of Energy also activated the Energy Emergency Surveillance Centre to monitor energy supply conditions and respond quickly to developments in the crisis.

The government prioritises holding back fuel supplies domestically to anticipate global oil price spikes due to disruptions of the world’s major energy shipping routes.

The step came after the Strait of Hormuz, a vital shipping lane linking Middle East oil producers to global markets, was closed due to escalating conflict in the Gulf region.

The closure raised concerns about disruptions to crude oil distribution and energy products across countries.

The policy also aims to avoid fuel price volatility that could raise living costs for the public.

In addition to export restrictions, the government is preparing various additional policies to maintain stability in the energy sector and the national economy. One of them is by activating intensified surveillance mechanisms on fuel supplies nationwide.

According to the Ministry of Energy, this emergency step is part of a national energy security strategy designed to respond rapidly to global crises.

The Ministry reports Thailand’s total crude oil and petroleum product reserves amount to 7,660 million litres. This amount is considered sufficient to meet domestic needs for about 60 days.

The reserves consist of several components. 4,877 million litres are located in domestic storage facilities, estimated to cover energy needs for around 38 days.

Meanwhile, about 2,783 million litres are still en route to Thailand by sea. Of this, 1,666 million litres had already passed through the Strait of Hormuz before the route was closed.

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