US Iran sanctions may push oil to 110 dollars

Khaosod•Economy•18h ago

Reader Briefing

Associate Professor Dr. At Pisalvanich warns that US sanctions against Iran could drive global oil prices to 110 dollars and increase Thai business costs.

•The US launched Operation Economic Outcast on August 24, 2026.
•The operation aims to isolate Iran by cutting off income, financial networks, and sanction evasion channels.
•The sanctions cover five sectors: digital assets, technology, gold, aviation, and shipping.
•Associate Professor Dr. At Pisalvanich predicts potential oil price increases to 110 dollars and Thai business cost increases of 1–8%.

Overview

•The US launched Operation Economic Outcast on August 24, 2026.
•The US is implementing Operation Economic Outcast to elevate sanctions against Iran.
•Operation Economic Outcast aims to cut off income, financial networks, and channels used to evade sanctions globally.
•The sanctions cover five sectors, including digital assets, technology, gold, aviation, and shipping.
•Associate Professor Dr. At Pisalvanich states that the operation risks pushing oil prices to 110 dollars.
•Associate Professor Dr. At Pisalvanich assesses that the situation will affect Thailand regarding trade and inflation.
•Associate Professor Dr. At Pisalvanich predicts Thai business costs could increase by 1–8%.

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Key Entities

Person

At Pisalvanich(อัทธ์ พิศาลวานิช)

An Associate Professor and lecturer at the Faculty of Economics, Rangsit University.

Organization

Rangsit University(มหาวิทยาลัยรังสิต)ℹ️

The institution where Associate Professor Dr. At Pisalvanich serves as a lecturer in the Faculty of Economics.

Place

United States(สหรัฐ)ℹ️

The country that launched Operation Economic Outcast to sanction Iran.

Iran(อิหร่าน)ℹ️

The country being targeted by US sanctions to be isolated from the economic system.

Thailand(ไทย)ℹ️

The country expected to face impacts on trade, inflation, and business costs due to US sanctions on Iran.

Policy

Operation Economic Outcastℹ️

A US operation launched on August 24, 2026, to elevate sanctions against Iran across five specific sectors.