Rupiah Tumbles to Rp 17,611 Amid Escalating Middle East Conflict
The Indonesian rupiah has declined to Rp 17,611 per US dollar due to escalating tensions in the Middle East and rising oil prices.
The conflict between the US and Iran has led to concerns over global oil prices and inflationary pressures.
Traze Andalan Futures Director Ibrahim Assuaibi stated that prolonged geopolitical tensions surrounding the US-Iran conflict weigh heavily on market sentiment, alongside expectations of the Federal Reserve's interest-rate direction.