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View all search resultsMeeting Putin for the second time in less than six months, Prabowo said ahead of closed-door talks that he intended to “personally supervise” key strategic cooperation with Moscow, highlighting the urgency of closer ties in an increasingly uncertain global climate.
Around 20 percent to 25 percent of Indonesia's crude oil imports are sourced from the Middle East and the government has said it is boosting imports from other places such as Angola and Nigeria to ensure enough supply at home.
The US and Israeli attack on Iran triggered the biggest spike in oil prices since the turmoil following Russia's 2022 invasion of Ukraine, as Gulf producers reduce output after the closure of the Strait of Hormuz.
Tehran emerged as one of Russia's closest allies during Moscow's Ukraine offensive and the Kremlin has been calling for restraint amid growing tensions and reports of a possible US intervention in Iran.
The imports, tracked by Kpler and Vortexa, came as the prospect of declining demand from India, one of the main buyers of Russian crude, has depressed prices of the western-sanctioned oil, sales of which are vital in helping fund the war in Ukraine.
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