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View all search resultsThe government has imported around 770,000 barrels of Russian crude oil, according to a Bloomberg report, though the energy ministry says further verification is necessary to determine the composition and source of the fuel that makes up the so-called Indonesia blend.
The US military unleashed a new wave of strikes against Iran on Tuesday and revoked a license allowing the country to sell oil after three tankers were hit by projectiles in the Strait of Hormuz, putting pressure on an already fragile ceasefire.
The United States waived sanctions on Iran for 60 days from Monday after the first talks under a nascent peace deal, while officials reported a sustained lull in fighting in Lebanon under the agreement aimed at ending hostilities across the region.
A conflict in the Middle East is no longer a distant geopolitical issue for Indonesia—it is an immediate threat that has forced energy security and economic sovereignty to the absolute forefront. To survive global price shocks and supply risks, the nation must transform its energy transition from a climate agenda into a strategic shield by scaling domestic renewables, biofuels and regional supply networks.
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