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View all search resultsMarkets were taken on a rollercoaster ride at the start of the week after Trump added five days to his Saturday ultimatum for Iran to reopen the Strait of Hormuz within 48 hours, citing productive talks with unidentified Iranian officials, which Tehran has denied.
President Donald Trump said Friday that he was considering "winding down" military operations against Iran, as the United States temporarily eased sanctions on Iranian oil shipments to stem a global supply crisis.
The government is holding subsidized fuel prices steady through year-end as global oil price tops US$100 a barrel, with Finance Minister Purbaya Yudhi Sadewa saying the state will absorb the shock rather than pass it on to consumers.
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