Video: Escalating Iranian War Effects, Stock Market and Indonesia's State Budget at Risk

Jakarta, CNBC Indonesia — CNBC Indonesia economist Maesaroh says the Iran–United States war has become a negative sentiment that unsettles the global economy, including Indonesia. For Indonesia, the Middle East tensions that threaten the global crude oil supply are feared to threaten domestic fuel and LPG supplies. On the fiscal side, higher world crude prices will push up energy subsidies, weigh on the rupiah and widen the state budget deficit. In Q1 2026, Indonesia’s economy will still be supported by consumption during Ramadan and Eid, but the next quarter will be challenging. In the financial markets, stock-market volatility and sentiment from MSCI and FTSE will be exacerbated by market concerns about the impact of the Middle East war. What is the impact of the war on Indonesia’s economy? Watch the dialogue of Syarifah Rahma with CNBC Indonesia Research economist Maesaroh on Squawk Box CNBC Indonesia (Friday, 06/03/2026).