Geopolitical uncertainty in the Middle East has increased as Iran has once again closed the Strait of Hormuz, resulting in rising crude oil prices and inevitable disruptions in global energy distribution. This situation is a concern for Indonesia as a net importer of crude oil, fuel, and LPG, as it could lead to increased worries about domestic energy supply and prices. Maesaroh, an Economist at CNBC Indonesia, emphasized that supply and price issues are crucial concerns for the Indonesian government, as they could impact the resilience of the national budget in securing energy subsidies domestically.
Furthermore, the global impact of rising non-subsidized fuel prices must be mitigated to prevent inflation spikes, economic repercussions, and impacts on public purchasing power. The analysis of the impact of the Strait of Hormuz closure on Indonesia’s energy prices and supply, as well as its effects on the national budget and economy, can be further explored by watching the dialogue between Andi Shalini and Economist Maesaroh on Squawk Box, CNBC Indonesia (Monday, 20/04/2026).
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