War Threatens Global Oil Supply: What Must the Prabowo Government Do?

Tensions in the Middle East resulting from the war between Iran and the United States and its coalition partners, Israel, along with the closure of trade routes at the Strait of Hormuz, represent the primary sentiment driving global crude oil prices to breach the USD 100 per barrel level.

The significant ongoing uncertainty surrounding the conflict has intensified concerns about further increases in oil prices. What then are the implications for Indonesia’s energy supply and the state budget?

CNBC Indonesia’s Closing Bell programme featured analysis from Serliana Salasabila with Managing Editor Wilda Asmarini and Lucky Leonard, examining these critical energy market developments and their potential consequences for Indonesian policy makers.