Traders remain in buoyant mood after news that the two foes had paused their conflict, which had sent energy costs soaring and stoking inflation, sending shivers through the global economy.

The dollar was firm on Monday as uncertainty clouded a tentative US-Iran peace deal following threats from President Donald Trump to restart the war in the Middle East and Tehran's announcement it had closed the Strait of Hormuz.

The yen was pinned near four-decade lows on Friday, with markets on heightened intervention watch as neither a US-Iran peace deal nor a rate hike in Japan managed to arrest its prolonged slide.

Oil tankers sailed through the Strait of Hormuz and the United States said it lifted its blockade on Iran on Thursday as an interim deal to end the war took effect, though key issues are still unresolved between the two countries.

The disruptions come as Southeast Asian economies that typically buy Indonesian coal are cranking up their coal-fired power capacity.

Oil prices edged up in early exchanges, a day after plunging more than five percent on optimism for a lasting agreement between the two countries after more than three months of conflict that rattled energy markets and revived inflation.

A senior US official said the US will waive sanctions on Iranian oil, under the deal to end the war, raising the prospect of millions of additional barrels of supply.

Despite Monday’s turnaround, foreign investors still recorded a net sell of $5.98 million in IDX, adding up to the year-to-date net sell register of $3.8 billion.

Shippers in Asia and Europe said rebuilding confidence in resuming transit through the Strait of Hormuz could take weeks.

Pakistan said the United States and Iran agreed to a peace deal and an "immediate and permanent" end to military operations on all fronts, including Lebanon.

The IDX stated that there are 12 companies waiting in the IPO queue to list on the bourse this year.  

The demand allowed Danantara Investment Management to tighten final price guidance to 5.35 percent for the five-year notes and 5.95 percent for the 10-year notes, according to a separate updated term sheet seen by Reuters.

Fresh worries about the Middle East ceasefire and the prospect of a US interest rate hike hit stocks and oil prices Thursday, following a rollercoaster week for markets that has sent shivers through trading floors.

Bank Indonesia (BI) has increased the benchmark interest rate outside the monthly schedule to shore up the rupiah after the currency has seen months of depreciation amid a strong United States dollar.

Seoul's Kospi stock index dived more than 8 percent to lead a rout across Asia on Monday as tech firms were hammered and strong US jobs data fueled bets on a Federal Reserve interest rate hike.

China and Hong Kong stocks slid to their lowest levels in two months on Monday, tracking a global tech selloff, but pared losses by midday with some investors using the correction as a buying opportunity.

The dollar was perched near a two-month high on Monday after a blowout US jobs report sent traders ramping up bets on a Federal Reserve rate hike this year, while the yen teetered further into the intervention zone.

Bank Indonesia (BI) and the Finance Ministry on Saturday agreed to increase yields on Indonesian assets to attract portfolio inflows and support the rupiah, after the currency hit record ​lows in the past few weeks.

The Japanese yen is testing the 160 barrier on Friday, prompting pushback from Japanese officials, while the US dollar is on track for a weekly gain as Gulf tensions fuel safe-haven flows.

The central bank said it would intensify intervention to stabilize the rupiah and ensure orderly markets while maintaining attractive yields on monetary instruments to support capital inflows.

The rupiah slid to a new record low of Rp 18,000 per United States dollar on Thursday, extending its losses this year to more than 7 percent and making it Asia’s worst-performing currency as rising oil prices and deteriorating trade dynamics rattled investors.

The dollar clung to its recent strength near a two-month high on Thursday as fresh Gulf hostilities sent oil prices higher and sapped risk appetite, while the Japanese yen hovered near the key 160 level that kept traders on intervention alert.

Indonesian stocks suffered a rout on Wednesday with the benchmark index closing at its lowest level in five years.

Oil prices rose for a third day running on Wednesday and the dollar was on the brink of breaking above 160 yen as fresh hostilities flared in the Gulf after US-Iran peace talks stalled.

Technology giant GoTo and nickel miner Harita Nickel are among the stocks to be axed from the indexer's GEIS this month effective June 22, following in the wake of four small- and large-cap stocks dropped in May.

Oil rose while Asian equities firmed Monday as a surge in artificial intelligence-linked stocks helped offset uncertainty over US-Iran talks.

World stocks stood at record highs on Friday and oil futures eyed the steepest weekly drop for nearly two months as traders waited for details on a potential deal to reopen the Strait of Hormuz and extend the US-Iran ceasefire.

Oil prices bounced higher on Thursday while Asian stocks mostly fell, as new US strikes on Iran marked the latest test of a shaky ceasefire in the Middle East war.

The dollar held firm near a one-week high on Thursday on a Reuters report that the United States had carried out new strikes in Iran targeting a military site, while the yen softened towards a level that triggered central bank intervention last month.

Listed companies are preparing to purchase their own shares on the Indonesia Stock Exchange amid a bearish market, which analysts see as a potential catalyst to ease pressure on Indonesian equities.