Video: Indonesia's Strategies to Compete for Crude Oil and Fuel Imports Amid Soaring Prices

The Middle East war involving the United States, Israel, and Iran has impacted the closure of the Strait of Hormuz and disrupted energy supply chains. This tension has also caused global crude oil prices to surge above USD 100 per barrel, and for a country like Indonesia as an oil importer, this situation will undoubtedly have an effect.

National Energy Council (DEN) member Satya Widya Yudha assesses that oil price movements amid the Iran vs US and Israel war remain highly volatile, even though the ceasefire offers some hope.

This vulnerable condition must be a concern for Indonesia because, in relation to energy resilience, the availability of oil and fuel supplies in the global market becomes a crucial issue. Additionally, the affordability of public access to energy, namely fuel and LPG, is important, so the government’s step not to raise subsidised fuel prices is very appropriate.

One step taken by the government to ensure energy supplies remain secure is diversifying oil, fuel, and gas suppliers.

So, how does DEN view the impact of the Middle East war on Indonesia’s energy resilience? For more details, watch the dialogue between Andi Shalini and National Energy Council (DEN) member Satya Widya Yudha in Squawk Box, CNBC Indonesia (Friday, 10/04/2026).