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View all search resultsAn emergency summit could identify credible mediating actors and outline a division of labor among regional stakeholders to pursue arrangements that allow neutral inspection and joint coordination mechanisms to guarantee safe passage for energy shipments.
Finance Minister Purbaya Yudhi Sadewa says the worst-case scenario of domestic crude averaging US$92 per barrel throughout the year could force the government to reduce fuel subsidies or cut spending elsewhere, such as on the free meals program.
Brent crude futures LCOc1 were at $80.89 a barrel, up $3.15, or 4.1 percent, by 0745 GMT. On Monday, the contract surged to as high as $82.37, its highest since January 2025, though it pared those gains to settle 6.7 percent higher.
Diplomatic capital may be Indonesia’s greatest asset, but in a Middle East redefined by missile exchanges and succession crises, Jakarta is discovering that moral authority cannot stop a warhead it has no defense against.
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