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The rupiah closed 0.04% weaker at Rp18,089 per US dollar on November 6. A currency analyst attributed the decline to tanker attacks and escalating security risks around the Strait of Hormuz and the Red Sea, which raised concerns about disruptions to oil shipments.
Threats to key oil routes can tighten crude supply and lift energy costs, including freight and agricultural input expenses; the associated risk aversion can also pressure the rupiah. Higher fuel costs would be inflationary for feed supply chains.
mediaindonesia.comPutri yulianiNov 6, 2026After 626 past bullish geopolitics events, Crude Oil (WTI) moved a median +2.1% over 5 sessions (62% higher; middle half -2.3% to +8.5%), and +1.6% over 20.
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.
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.
