Video: If Oil Prices Surge to USD 120 per Barrel, These Are the Effects on Indonesia

The Middle East war involving Iran with the United States and Israel has triggered panic in financial markets due to concerns over its impact on a surge in global oil prices, worldwide logistics disruptions, inflation spikes, and a global economic slowdown. The correction in financial markets, particularly the IHSG, bond market, and rupiah, is attributed by Pinnacle Investment CEO Guntur Putra to pressures from issues ranging from the Iran-US war to domestic concerns regarding global rating agencies MSCI and Fitch Ratings’ assessments of Indonesia’s economy and stock exchange. This is reflected in the ongoing correction of the IHSG, the yield on SBN jumping from 6.4% to 6.7%, and the rupiah almost touching Rp17,000 per US dollar. How do market players view the development of Indonesia’s financial market situation amid the volatility of the US vs Iran war, and what is its impact on Indonesia? For more details, watch the dialogue between Syarifah Rahma and Pinnacle Investment CEO Guntur Putra in Squawk Box, CNBC Indonesia (Tuesday, 10/03/2026).