The 2025 Cambodian–Thai Border Crisis has entered a volatile second phase after the U.S.-brokered Kuala Lumpur Peace Accord collapsed following a new landmine incident. Beneath the clashes are unresolved colonial-era border demarcations and Thailand’s internal political instability, which continue to drive escalation despite temporary ceasefires. Cambodia remains severely vulnerable as cross-border trade, remittances, and energy dependencies are disrupted, while both governments wage an aggressive information war to control the narrative.