Rupiah Weakens to Rp 16,920 Amid Strait of Hormuz Closure
REPUBLIKA.CO.ID, JAKARTA – The rupiah exchange rate opened weaker in Jakarta trading on Wednesday morning (25/3/2026), moving down 22 points or 0.13 percent to Rp 16,920 per US dollar from the previous close of Rp 16,898 per US dollar.
Currency analyst from Doo Financial Futures, Lukman Leong, stated that the rupiah’s weakening was influenced by the Strait of Hormuz remaining closed. “General sentiment is still risk-off, oil prices remain high, and the Strait of Hormuz is still closed. Investors are not fully confident yet and continue to cautiously monitor developments,” he said in Jakarta on Wednesday.
Quoting Sputnik, Iran has taken steps to ensure that transit ships not affiliated with the United States (US) or Zionist Israel can pass through the Strait of Hormuz. The blockade of the Strait of Hormuz was triggered by US and Israeli operations against Iran.
As is known, the Strait of Hormuz is the main route for shipping oil and liquefied natural gas from Persian Gulf countries to global markets.
The blockade of that route has affected oil export levels and production in the region.
“The current WTI (West Texas Intermediate/crude oil produced in Texas, US) price is $88 per barrel and Brent $98 per barrel,” he said.
On the other hand, there is hope for de-escalation of the Iran war in the face of US-Israel aggression, following reports that the US has given Iran a plan that could end the conflict.
Anadolu reported that US President Donald Trump said he had ordered a delay of all attacks on power and energy infrastructure for the next five days. Trump added that this was because dialogues with Tehran over the past two days had been “very good and productive”.
However, Iran’s Parliament Speaker Mohammad Bagher Ghalibaf denied that his side was negotiating with the United States and called the news “fake” to manipulate oil and financial markets.
Ghalibaf added that the Iranian people demand “full and regret-inducing” punishment for the aggressors, while all officials stand firm in supporting the country’s leader and people until the war’s objectives are achieved.