Video: MI's Preferred Investments as War Drives Oil Prices Skyrocketing

Jakarta, CNBC Indonesia - CEO of Pinnacle Investment, Guntur Putra, stated that the ongoing Iran versus United States war remains a sentiment causing increasing uncertainty in the global financial markets. The surge in crude oil prices due to the war continues to threaten the movements of the IHSG, the SBN market, and the rupiah. Specifically regarding the exchange rate, Guntur Putra views the condition that has already reached its lowest level at Rp17,000 per US dollar as still having the potential to weaken further if the war continues, inflation skyrockets, and the budget deficit exceeds 3%. This situation could also trigger global rating agencies to downgrade Indonesia’s prospects to a negative outlook, thereby increasing the potential for a sovereign downgrade. The impact could see the rupiah weaken even more and SBN yields reach 7% from the current 6.7%. What is the impact of the expanding war on the IHSG, rupiah, and SBN? What is the direction of MI investments amid this geopolitical sentiment? For more details, watch the dialogue between Syarifah Rahma and CEO of Pinnacle Investment, Guntur Putra, in Squawk Box, CNBC Indonesia (Tuesday, 10/03/2026).