Positive Signals from Iran: Here's the Indonesian Government's Reaction

Jakarta - Coordinating Minister for Economic Affairs Airlangga Hartarto has responded to positive signals from negotiations between the United States (US) and Iran. The government will continue to monitor the matter as it affects global oil prices. According to him, global uncertainty will cease once an agreement is signed by both countries. “Firstly, of course we are monitoring because the oil price will fall again to around US$83 per barrel, but all of this is only finalised once it is signed,” he stated. Airlangga stressed that the government will keep tracking every development until an official agreement is announced. “So before it is signed, we remain conservative. Wait until it is signed,” he said. The US and Iran are reportedly preparing a high-level meeting in Switzerland this week. The meeting is said to be part of diplomatic efforts to end the ongoing conflict, reopen the strategic shipping lane of the Strait of Hormuz, and find common ground regarding Tehran’s nuclear programme. Citing a report by French media BFMTV referencing sources close to the negotiation process, the meeting is likely to be held on Thursday or Friday following the conclusion of the G7 Summit. Talks are expected to take place in the German-speaking region of Switzerland, although neither Washington nor Tehran has yet provided official confirmation. The meeting plan emerges amid ongoing negotiations between the two countries. Iranian Foreign Ministry Spokesperson Esmaeil Baghaei previously said that a memorandum of understanding between Iran and the US would not be signed in the near term, but could potentially be completed within the coming days. “The document will not be signed on Sunday, but it can be finalised in the next few days,” Baghaei said, while emphasising that diplomatic channels between the two parties remain open. However, the concrete outcome of the possible meeting in Switzerland remains uncertain. It is not yet known whether the two countries will reach a formal agreement or merely hold direct contact to continue the negotiation process that has been underway for some time. Global oil prices slumped at the start of trading this week after the US and Iran were reported to have reached a peace agreement paving the way for the normalisation of energy traffic in the Strait of Hormuz. The sentiment immediately erased part of the geopolitical risk premium that had been supporting oil prices at high levels over recent weeks. Based on Refinitiv data as of Monday (15/6/2026) at 08.00 WIB, Brent crude oil prices stood at US$83.92 per barrel, plunging 3.91% compared to last Friday’s close of US$87.33 per barrel. Meanwhile, West Texas Intermediate (WTI) crude oil fell deeper, by 4.58%, to US$80.99 per barrel from the previous US$84.88 per barrel.