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RARE PHOTOS: Still a long way to go | Vintage Vibes

Oil Amonthep Chawla United States Pimjai Leeissaranukul TNSC Iran Donald Trump Inflation Thailand Economy

Vessels in the Strait of Hormuz, as seen from Musandam, Oman on Thursday. (Photo: Reuters)

During the past week, global attention focused on the ceasefire agreement between the US and Iran, bringing months of protracted conflict to a halt.

While crude oil prices fell sharply in response to signs of progress towards peace, most businesses remain cautious, preferring to reassess the outlook once tangible results emerge and all trade restrictions have been fully removed.

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