OJK Chief Addresses Impact of US-Iran Conflict and Strait of Hormuz Closure

Jakarta — CNBC Indonesia convened the Market Outlook 2026 with the theme “Capital Market Reform: Integrity and Credibility” as a strategic forum to assess market direction and new growth opportunities, bringing together perspectives from regulators, policymakers, and leading investment industry players.

At the Market Outlook 2026, Acting Chairman of the Financial Services Authority (OJK) Board of Commissioners, Friderica Widyasari Dewi, outlined the OJK’s commitment to reforming Indonesia’s stock exchange to enhance transparency and liquidity whilst fostering investor confidence.

Indonesia’s stock exchange reform efforts face external challenges stemming from Middle Eastern geopolitical turmoil resulting from US strikes on Iran. The escalating conflict is expected to disrupt the global crude oil supply chain, with inevitable implications for Indonesia’s economy and financial markets, necessitating proactive mitigation measures.

The capital market reform and governance strengthening initiatives are expected to bolster investor confidence and enhance the attractiveness of Indonesia’s stock exchange amid global geopolitical and economic uncertainty.

The OJK is also preparing policy reforms to accelerate capital market integrity reform through eight action plans: new free float policy, transparency of ultimate beneficial owners (UBO), strengthening share ownership data, stock exchange demutualization, enforcement of regulations and sanctions, listed company governance, integrated market deepening, and collaboration and synergy with stakeholders.