Video: Oil Prices Reach USD 80 per Barrel, MI Boss: The Amber Light Is On

Jakarta, CNBC Indonesia - Ratings agencies MSCI, Moody’s and Fitch have lowered Indonesia’s sovereign debt outlook to negative, a development that has weighed on Indonesia’s financial markets amid the turbulence of the Iran–United States confrontation. Rudiyanto, director of Panin Asset Management, said the pressure in the equity market is not only felt on the IHSG but also on global exchanges, where talk of the war and the closure of the Strait of Hormuz continues to weigh on sentiment. Meanwhile in the bond market, sentiment surrounding a more aggressive management of the state budget (APBN) has also drawn attention. Investors worry that rising oil prices will burden the APBN from the energy subsidy side, even as higher commodity prices would benefit the palm oil and coal sectors, as well as nickel. The government needs to pay attention to the movements in the world oil price; USD 80 per barrel is seen as an amber light, but if it rises to between USD 90 and 100 per barrel it will put more pressure on the APBN. What is the impact of the war on the IHSG, Rupiah and government securities (SBN) and the Indonesian economy? Watch the dialogue between Syarifah Rahma and Rudiyanto, director of Panin Asset Management, on Squawk Box CNBC Indonesia (Friday, 06/03/2026).