{
    "success": true,
    "data": {
        "id": 1580779,
        "msgid": "coordinating-minister-airlangga-us-iran-conflict-risks-triggering-fuel-price-rises-1772438400",
        "date": "2026-03-02 14:13:51",
        "title": "Coordinating Minister Airlangga: US-Iran conflict risks triggering fuel price rises",
        "author": "",
        "source": "ANTARA_ID",
        "tags": "",
        "topic": "Economy",
        "summary": "Indonesia's Coordinating Minister for Economic Affairs Airlangga Hartarto has warned that escalating military conflict between the United States and Iran could drive up domestic fuel prices, primarily through disruption of global oil supply should the Strait of Hormuz be closed. The government is mitigating risk through agreements to source oil from non-Middle Eastern suppliers, including partnerships between state-owned PT Pertamina and American energy companies such as Chevron and ExxonMobil.",
        "content": "<p>Jakarta \u2014 Indonesia\u2019s Coordinating Minister for Economic Affairs\nAirlangga Hartarto has stated that conflict between the United States\nand Iran could trigger a rise in domestic fuel prices.<\/p>\n<p>The impact would be driven primarily by disruption to global oil\nsupply resulting from the closure of the Strait of Hormuz. The closure\nof this critical shipping route is expected to push up global crude oil\nprices, which would eventually affect energy prices in various\ncountries, including Indonesia.<\/p>\n<p>\u201cFuel prices will automatically rise, just as they did during the\nUkraine war. However, this time supply from America will also increase,\nand OPEC will also expand its capacity,\u201d Airlangga said during a meeting\nat his office in Jakarta on Monday.<\/p>\n<p>According to him, price pressures remain manageable because oil\nsupply from the United States is increasing and the Organisation of the\nPetroleum Exporting Countries (OPEC) is also boosting production\ncapacity.<\/p>\n<p>The government has taken precautions against potential supply\ndisruptions from the Middle East by signing a memorandum of\nunderstanding (MoU) to secure oil supplies from outside the region. This\nincludes efforts by state-owned enterprise PT Pertamina to establish\npartnerships with several American energy companies.<\/p>\n<p>\u201cThe government already has an MoU to obtain supplies from non-Middle\nEast sources. For example, Pertamina recently signed an MoU with\nAmerica, several with Chevron, with ExxonMobil, and others,\u201d said the\nCoordinating Minister.<\/p>\n<p>The Islamic Revolutionary Guard Corps (IRGC) reportedly closed the\nStrait of Hormuz amid escalating tensions in the Middle East on Saturday\n28 February 2026. On the same day, the United States and Israel launched\na series of attacks against multiple targets in Iran, including the\ncapital Tehran, causing building damage and civilian casualties.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/coordinating-minister-airlangga-us-iran-conflict-risks-triggering-fuel-price-rises-1772438400",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}