US continues strikes on Iranian military targets as Tehran threatens oil blockade
The warning widened to the Strait of Hormuz after Iran said it could shut West Asian oil exports if its infrastructure comes under attack.
The warning widened to the Strait of Hormuz after Iran said it could shut West Asian oil exports if its infrastructure comes under attack.
Washington also lined up a $484 million C-17 maintenance package for Kuwait as tensions with Iran intensified.
Oil prices jumped after US-Iran attacks, pressuring the rupiah; analysts see it trading between Rp18.000 and Rp18.150.
If oil rises 30% above the 70 U.S. dollars a barrel baseline, consumer prices could rise 0.28%, real wages fall and energy imports jump 7.8%.
The government projects industrial costs will fall, with economic gains of up to Rp2,25 triliun, as prices jump amid Middle East conflict.
The call also touched on Middle East tensions as Indonesia pushes to finalize its trade pact with the European Union.
The 2027-2028 outlook rises to 5.2%, but depends on structural reforms and easing global pressures.
The 25-basis-point off-cycle move is the first in eight years as reserves also come under pressure from market intervention.
Series: Indonesian Rupiah · Exchange Rate Slide · 5 chapters since Jun 3The increase will be tied to a revised RKAB and used only if global prices are seen as favorable.
On a state visit to Paris, Prabowo met Macron, backed a two-state solution for Palestine and explored deeper strategic cooperation.