
The rupiah closed at Rp17,722 per US dollar on August 31, weakening 29 points after a US strike on Iranian missile launchers on Larak Island in the Strait of Hormuz. Iran responded by attacking two US air bases in Jordan, and negotiations to end the conflict are deadlocked.
Renewed US-Iran fighting raises oil supply risk through Hormuz, which lifts Indonesia's energy import bill and pressures the rupiah. For feed buyers, the main effect is higher energy and freight costs and a weaker local currency that raises import costs.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.