Rupiah Closes Under Pressure, Reaching Rp 17,105 per US Dollar

JAKARTA, KOMPAS.com - The rupiah exchange rate in the spot market weakened at the close of trading on Tuesday (7 April 2026). The rupiah fell 0.42% to the level of Rp 17,105 per US dollar.

Currency and commodity analyst Ibrahim Assuaibi assesses that the pressure stems from the escalation of conflict in the Middle East. The deadline set by US President Donald Trump to Iran regarding the Strait of Hormuz has triggered market concerns.

According to Ibrahim, disruptions to tanker traffic in recent weeks have tightened expectations for global energy supplies. Risks in the oil market have also increased.

“Investors are preparing for potential escalation in the Middle East ahead of the deadline set by US President Donald Trump for Iran to reopen the Strait of Hormuz.

Diplomatic efforts have yet to show results. Iran has rejected the US-backed proposal. The proposal includes a 45-day ceasefire and the gradual reopening of the Strait of Hormuz.

Iran has put forward different conditions. The demands include a permanent end to the conflict, binding security guarantees, the lifting of sanctions, and compensation for damages.

Donald Trump has emphasised that the deadline is final. He has warned that Iran’s failure could trigger military strikes against strategic infrastructure.

This situation is disrupting global energy flows. World oil prices have surged. Inflation risks are rising, and the direction of global monetary policy is becoming more complex.

Investors are awaiting the release of US inflation data on Friday. That data will serve as an important indicator for the direction of interest rates by the US central bank.

External pressures are also affecting domestic conditions. Fiscal challenges are increasing along with the rise in global energy prices.

Subsidised fuel oil remains accessible without strict restrictions. This situation risks reducing access for entitled groups, such as fishermen.

World oil prices have exceeded the 2026 State Revenue and Expenditure Budget assumption of 70 US dollars per barrel. Prices have even reached around 113 US dollars per barrel.

This increase adds to the burden of energy subsidies and compensation. Pressure on the state budget is also rising.

Fiscal space is deemed increasingly limited. The government faces challenges in maintaining stability amid the surge in energy prices.

Adjustments to fuel oil prices are not considered a short-term option. Domestic purchasing power remains weak.

Efficiency in spending and budget reallocation are viewed as more realistic options for maintaining fiscal stability.