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The rupiah weakened 29 points to Rp17,722 per dollar on August 31 after trading as much as 65 points lower. The move followed a US strike on Iranian missile launchers in the Strait of Hormuz and Iranian retaliation against US bases in Jordan.
Geopolitical escalation around Hormuz raises oil prices and pressures Indonesia's currency, increasing the cost of imported feed inputs. Continued escalation would extend the pressure.
jakartaweekly.comYudiAug 31, 2026Not 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.
