Cambodia Sees No Immediate Oil Supply Disruption but Warns of Rising Prices Amid Middle East Tensions

PHNOM PENH, Mar. 5, 2026 (KPT) – Cambodia is not facing an immediate oil supply crisis but could see rising fuel prices as Middle East tensions disrupt global energy markets, Minister of Mines and Energy Keo Rattanak said Wednesday.

Speaking at the Cambodia–ASEAN Business Summit, Rattanak said the conflict involving the United States, Israel and Iran has already affected global energy flows. “The first impact is on energy, particularly oil and gas,” he said.

He noted that more than 20 percent of global shipments pass through the Strait of Hormuz, where Iran has warned vessels could be targeted. “This situation could immediately affect global oil supply—not only Cambodia, but also Europe, China and India,” he said.

Rattanak stressed that Cambodia’s fuel supply remains stable, with Chevron and TotalEnergies continuing deliveries. The main concern, he added, is rising prices rather than shortages.

Cambodia, which relies entirely on imported refined products, requires importers to maintain reserves. Officials said the government is monitoring developments closely and will consider measures if volatility persists.

“The biggest concern for Cambodia and the world is the rising price of oil and gas,” Rattanak said, urging peace efforts to stabilize markets.