Video: Rupiah Weakens as Oil Prices Touch Four-Year High

Jakarta, CNBC Indonesia – The US-Israel attack on Iran has become the primary sentiment capturing the attention of global financial market participants. This has triggered selling pressure on major world stock exchanges, including the Indonesian Composite Index (IHSG), which plummeted 2% during Monday trading (2 March), followed by the rupiah depreciating to Rp16,827 per US dollar.

Amid Middle East tensions, oil prices have reached their highest levels in four years. This geopolitical escalation is creating significant headwinds for Indonesia’s currency and equity markets, with market analysts closely monitoring developments in the region for further impact on domestic financial performance.