SCB EIC says Thailand's Q2 current account deficit reached US$17.7bn, a record, with the trade deficit at US$12bn. Three causes: higher oil prices from Middle East tensions (a temporary shock), export-linked electronics that rely on imported components, and imported data-centre equipment. Tourism recovery is also slow, and fewer Middle East tourists came in Q2. For an SME, the practical read is that import costs, especially energy and components, may stay elevated, so review input pricing and FX exposure. The article does not give a clear forecast on how long this lasts.