Video: Unlike the Russia War, the Iran War's Effects Could Be More Terrifying!

The escalating Iran-US war is described by CNBC Indonesia economist Maesaroh as a blow that will increasingly pressure Indonesia’s economy and financial markets, following Fitch Ratings’ downgrade of Indonesia’s debt outlook to negative. As a country that imports crude oil and fuel, tensions in the Middle East will threaten Indonesia’s energy supply, causing energy subsidies to swell and endangering the state budget. On the other hand, this situation will also impact the global energy supply chain, including the US, ultimately pressuring economic growth and making it difficult for interest rates to be cut again. This condition will have negative effects on the stock market, a weakening of the Rupiah, and burden the state budget. The negative effects of the Iran war are assessed to impact the global economy more severely than the Russia-Ukraine war, due to the involvement of larger countries and the current economic conditions that are experiencing deeper pressures. What is the impact of the Iran war on Indonesia? For more details, watch the dialogue between Syarifah Rahma and CNBC Indonesia Research economist Maesaroh in Squawk Box CNBC Indonesia (Friday, 06/03/2026).