Rupiah Still Under Pressure, Breaching Rp 16,900 Per US Dollar
Jakarta — The Indonesian rupiah came under renewed pressure at the opening of spot market trading on Friday (13 February 2026).
According to Bloomberg data at 09:53 WIB, the rupiah weakened 0.18 per cent to Rp 16,924 per US dollar.
Currency and commodities analyst Ibrahim Assuaibi attributed the currency pressure to a sharp surge in global oil prices during Thursday’s trading, after breaching the psychological threshold of $100 per barrel.
“Oil prices surged sharply on Thursday, rising above $100 per barrel following media reports that two international oil tankers had been struck near Iraq,” Ibrahim stated.
The strategic shipping route represents the distribution channel for approximately one-fifth of global oil supplies.
“Other reports indicate that Oman is evacuating its main oil export terminal, whilst Iran appears to be blocking the Strait of Hormuz, the main supply route for approximately one-fifth of the world’s oil,” he explained.
The rise in oil prices has triggered market concerns about potential long-term inflation increases.
This situation has also heightened worries that global central banks may adopt more aggressive monetary policies in the coming months.
Mixed signals regarding the Iran conflict have also driven volatility in commodity markets, including metals, throughout the week.
US President Donald Trump and several other officials have stated on multiple occasions that the Iran conflict is approaching an end, although tensions between the United States, Israel, and Iran remain ongoing.
Meanwhile, US consumer price index (CPI) inflation data for February, released in line with market expectations, has proven insufficient to alleviate concerns about future price pressures, particularly those driven by surging energy prices.
Market participants are now awaiting the release of personal consumption expenditures (PCE) price index data, scheduled for Friday.
This figure represents the principal inflation indicator guiding Federal Reserve monetary policy and is expected to provide clearer insight into the direction of long-term inflation.
Domestically, Indonesia’s state budget (APBN) performance through February 2026 has shown positive developments in both revenue and expenditure aspects.