Bahlil Assures National Fuel Oil Reserves Secure for 20 Days

Jakarta – Indonesia’s Energy and Mineral Resources Minister Bahlil Lahadalia has assured the public that national fuel oil (BBM) reserves remain secure for the next 20 days. The statement was made ahead of a meeting with President Prabowo Subianto to discuss oil supply concerns following the closure of the Strait of Hormuz.

“Reserves are still sufficient for 20 days,” Bahlil told journalists at the Presidential Palace Complex in Central Jakarta on Monday, 2 March 2026.

Bahlil confirmed that the ongoing Middle Eastern conflict and the Strait of Hormuz closure have not yet affected subsidised fuel supplies. However, he acknowledged that global oil price corrections are inevitable as geopolitical tensions in the Middle East continue to escalate.

“To date there have been no problems, but world prices will certainly experience correction when geopolitical conditions continue to heat up in the Middle East,” he stated.

Bahlil further announced that his ministry would convene a meeting with the National Energy Council (DEN) to assess oil supply implications arising from the Middle Eastern conflict.

“Tomorrow I will meet with the National Energy Council, and after that I will present the analysis and findings from DEN,” Bahlil concluded.

Earlier reports indicated that Iran’s Islamic Revolutionary Guard Corps (IRGC) deployed forces to close the Strait of Hormuz amid heightened tensions in the Middle East, according to IRGC Brigadier General Ibrahim Jabari on Saturday, 28 February 2026.

“The closure of the Strait of Hormuz by IRGC forces is currently being implemented following aggression against Iran,” Jabari told broadcaster Al-Mayadeen.

Previously that day, the United States and Israel launched a series of attacks against Iranian targets, including Tehran, causing infrastructure damage and civilian casualties. In response, Iran launched missile strikes against Israeli territory and targeted American military infrastructure in the Middle East. An IRGC representative stated that Israel had “miscalculated” in attacking Iran.