Brent averaged $88.70/bbl in the first nine months of 2026, up 26.7% year on year, and hit $102.02 in September. The baht weakened from 31.27 to 33.22 per dollar over the same period, raising import costs. The Commerce Ministry expects prices to stay high through year-end, with EIA forecasting Brent around $105 in Q4. Road transport, petrochemicals, synthetic fibres and ceramics are most exposed. Firms should review direct energy use and hidden energy costs in raw materials, and hedge currency and stock levels.