Jakarta (ANTARA) - The rupiah weakened by 28 points, or 0.15 per\ncent, against the US dollar at Wednesday\u2019s close, to Rp18,184 per dollar\nfrom Rp18,156 at the previous close.<\/p>\n
Currency analyst and PT Traze Andalan Futures director Ibrahim\nAssuabi said the rupiah\u2019s weakness was influenced by attacks by Yemen\u2019s\nAnsarullah (the Houthis) on Saudi Arabia\u2019s largest oil refinery.<\/p>\n
\u201cSaudi authorities did not immediately confirm the attack on the\nfacility, which has a capacity of 550,000 barrels per day,\u201d he said in a\nwritten statement in Jakarta on Wednesday.<\/p>\n
Ansarullah had previously also attacked pumping stations along Saudi\nArabia\u2019s East\u2013West oil pipeline, which allows crude to be transported\nwithout passing through the Strait of Hormuz, as well as King Khalid\nInternational Airport in Riyadh.<\/p>\n
The attacks were said to have raised concerns about the security of\nalternative export routes, particularly as shipments through the Strait\nof Hormuz\u2014a vital route for global oil supplies\u2014remain severely\ndisrupted by the wider conflict involving Iran.<\/p>\n
Meanwhile, delegations from Saudi Arabia, T\u00fcrkiye and Pakistan held\ntalks with Iranian officials in Tehran. They agreed to continue\ndiscussions aimed at strengthening regional peace and security, although\nthey have yet to achieve the desired outcome.<\/p>\n
Investors are also watching the US Federal Reserve\u2019s policy decision\ntoday for signals about the economic outlook and fuel demand.<\/p>\n
\u201cHigher oil prices could add to inflationary pressure, potentially\nmaking the central bank\u2019s policy choices more difficult,\u201d Ibrahim\nsaid.<\/p>\n
Bank Indonesia\u2019s Jakarta Interbank Spot Dollar Rate (JISDOR) also\nweakened today, to Rp18,183 per US dollar from Rp18,139 previously.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/rupiah-weakens-amid-attack-on-saudi-oil-refinery-1793184995", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }