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View all search resultsDuring the meeting, both leaders are expected to ‘intensify diplomatic efforts’ to ease tensions in the Middle East and ensure the continuity of global trade and supply chains that are critical for Indonesia and Malaysia.
Indonesia is ‘moving forward in a careful manner’ with its membership at the Board of Peace and other affairs related to Gaza and Palestine with regional developments, including the United States-Israel war on Iran, seen as references for its assessments, said President Prabowo Subianto.
As a result of the war between Iran and the US and Israel, global crude oil prices have increased to above US$100 per barrel, far exceeding the $70 per barrel assumption in the 2026 state budget, which may result in higher energy subsidies.
Beijing is a close partner of Iran and has urged the United States and Israel to cease their attacks on the country, while also criticizing Tehran's strikes against Gulf states housing US military bases.
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