# Rupiah Nears Rp 18,000 as OECD Deficit Warning, Iran Tensions Rattle Markets

> The rupiah closed at 17,988 per dollar after an OECD projection that Indonesia's 2026 budget deficit could widen to the 3% of GDP fiscal ceiling. Iran's blockade of the Strait of Hormuz and elevated US inflation also weighed on the currency.

- Date: 2026-07-01 · published 2026-07-01T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/19108-rupiah-nears-rp-18-000-as-oecd-deficit-warning-iran-tensions-rattle-markets
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Currency weakness and fiscal concerns raise Indonesia's import costs for feed and fuel, and the Hormuz disruption keeps oil prices elevated.

## Read by commodity

- BRENT: bullish ▲
- USDIDR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2023-05-28 | [Oil ticks up as markets weigh U.S. debt deal, rate hike possibility](https://feedsoft.ai/events/35844-oil-ticks-up-as-markets-weigh-u-s-debt-deal-rate-hike-possibility.md) | +0.0% | -3.4% |
| BRENT | 2026-10-23 | [Crude benchmarks firmer amidst ongoing tensions in the Middle East ; EUR digests poor PMI metrics - Newsquawk US Market Open](https://feedsoft.ai/events/781-crude-benchmarks-firmer-amidst-ongoing-tensions-in-the-middle-east-eur-digests.md) | -1.7% | — |
| BRENT | 2023-04-03 | [USD/IDR Price News: Rupiah slips from two-month high to 15,000 on downbeat Indonesia inflation: Analytics and Market news from 3 April 2023 05:05](https://feedsoft.ai/events/36718-usd-idr-price-news-rupiah-slips-from-two-month-high-to-15-000-on-downbeat.md) | +7.4% | +1.0% |
| BRENT | 2020-11-23 | [Oil Hits March High With Transition Stoking Rally Across Markets - Bloomberg](https://feedsoft.ai/events/50314-oil-hits-march-high-with-transition-stoking-rally-across-markets-bloomberg.md) | +7.1% | +17.7% |
| BRENT | 2025-05-08 | [The Commodities Feed: Markets disappointed as Fed remains on hold \| articles \| ING THINK](https://feedsoft.ai/events/24575-the-commodities-feed-markets-disappointed-as-fed-remains-on-hold-articles-ing.md) | +8.7% | +9.1% |

## Sources

- jakartaglobe.id: https://jakartaglobe.id/business/rupiah-nears-rp-18000-as-oecd-deficit-warning-iran-tensions-rattle-markets

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.