Trump said ExxonMobil, Chevron and other firms are under investigation over surging natural gas prices.

The Bank of Thailand kept its policy rate at 1.00%, in line with market expectations, and said it is reassessing economic risks from the Middle East conflict. While war-related risks have eased, uncertainty remains elevated. Several central banks, including the Fed, have taken a wait-and-see stance; Japan, Indonesia and the Philippines raised rates last week to offset conflict-related shocks. The BOT said pre-ceasefire cost shocks had squeezed firms, weakened household purchasing power and hit tourism through higher costs and travel constraints, and that lagged effects will continue to weigh on growth. It also flagged El Nifio-driven food supply risks and ongoing uncertainty from US tariff policy. Many economists expect the BOT to remain on hold for the rest of the year, maintaining an accommodative stance to support a still-fragile economy.

ECB official Zigman said price stability is the ECB’s primary task and that falling oil prices are making that task relatively easier. Speaking in his first public appearance since becoming governor of the Croatian central bank this month, he said ECB rate hikes have signalled determination despite the risk of further slowing an already fragile regional economy. He added that geopolitical developments around the Strait of Hormuz have pushed oil prices down, which he said will have a positive effect on inflation.