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Indonesian stocks, the rupiah and bonds fell after a Houthi attack on Israel and reports the US may launch a ground offensive against Iran. The Jakarta Composite Index closed at 7,091 and the rupiah closed near 16,987 per dollar, with crude around $102 a barrel.
Escalating Middle East conflict lifts oil and dollar strength, raising Indonesian import costs for feed and energy and adding pressure to regional currency markets.
jakartaglobe.idGhafur FadillahMar 31, 2026Not enough comparable past events yet for a historical read.
After 656 past bullish geopolitics events, Crude Oil (Brent) moved a median +1.9% over 5 sessions (63% higher; middle half -2.7% to +6.6%), and +0.7% over 20.
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.
