US-Iran Negotiations Provide Fresh Breeze, Rupiah Strengthens to 17,211

JAKARTA, KOMPAS.com - The rupiah exchange rate in the spot market strengthened at the close of trading on Monday (27/4/2026). The Garuda currency appreciated by 18 points or 0.10 percent to the level of Rp 17,211 per US dollar.

Currency and commodity analyst Ibrahim Assuaibi stated that the rupiah’s movement is still influenced by global commodity prices and the impact of geopolitics in the Middle East.

According to him, market players are still monitoring the potential for energy supply disruptions amid the prospect of resuming peace talks between the US and Iran, which are hoped to dampen those tensions.

“Traders are weighing supply disruptions against the potential resumption of peace talks between the US and Iran that could help limit those disruptions,” said Ibrahim to reporters on Monday afternoon.

Additionally, CNN reported that US President Donald Trump has sent special envoy Steve Witkoff and Jared Kushner to Pakistan for talks with the Iranian side.

Trump also stated that Iran is preparing a new proposal to meet US demands.

Furthermore, Iran is reported to have submitted a proposal to the US to reopen the Strait of Hormuz and ease the conflict.

In that proposal, Tehran offered to delay nuclear negotiations in order to prioritise resolving the conflict, as reported by Axios citing US officials and related sources.

Previously, the market had been overshadowed by concerns over escalating military tensions in the region, particularly after Iran released footage of troops boarding a cargo ship in the Strait of Hormuz, as well as the delay in reopening that strategic shipping route.

To date, navigation in the Strait of Hormuz, which before the conflict carried about one-fifth of global oil supplies, remains hampered.

Iran’s seizure of two cargo ships illustrates the challenges faced by the US in maintaining stability in that route.

Shipping data shows only five ships, including one Iranian oil products tanker, crossed the Strait of Hormuz in the last 24 hours.

Domestically, global rating agency Moody’s has maintained Indonesia’s debt rating at Baa2, or one level above the investment grade threshold, in its latest evaluation as of February 2026.

However, the rating outlook has been revised from stable to negative.