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The rupiah weakened on June 23 as Middle East tensions escalated after the US joined Israel in striking Iranian nuclear facilities. Analysts said the move reflected pressure from higher crude oil prices, since Indonesia imports about 1 million barrels per day.
A weaker rupiah combined with higher oil prices raises Indonesia's import bill and inflation risk, which can squeeze local feed and livestock margins. The direct effect on global feed commodity prices is small.
antaranews.comM Baqir Idrus AlatasJun 23, 2025Not 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.
