Geopolitical tensions and ceasefire talks in the Middle East are impacting oil prices and driving inflation data in Indonesia.

The entities involved

• Indonesia →

  island country in Southeast Asia and Oceania

  • Indonesia and Austria deepened strategic collaborations through diplomatic receptions and cultural heritage displays.01:27
  • DENR heightened fire prevention protocols and established firelines in Masbate following El Niño warnings.Fri 23:29
• Middle East →

  geopolitical region encompassing Egypt and most of Western Asia, including Iran

  • The war in the Middle East has hammered the New Zealand economy, occurring while Christopher Luxon leads the ruling coalition.01:25
  • Sappi is facing operational challenges due to the ongoing geopolitical conflict in the Middle East, which is driving up petrochemical costs and market risks.Fri 23:57
• Brent →
  • RBI raised repo rate and tightened policy amid elevated crude oil prices, weighing on Indian market sentiment.Fri 18:51
  • Nvidia fell sharply during Nasdaq session as crude price effects on the rupee and Indian markets were noted.Fri 18:03

Related events

• Diplomatic progress in the Middle East led to a crude price slump, followed by a rebound due to escalation fears.Tue 11:46
• Conflict in the Middle East involving Iran is affecting global oil prices.Jul 26
• Oil prices reflect regional instability, prompting talks in Qatar and central bankers focusing on Fed policy.Jun 29
• Ceasefire is curtailing tanker crossings, impacting the global energy market.Aug 6
• Middle East hostilities increase oil price volatility, while the Philippines aids Taiwan's semiconductor supply chain and BSP monitors domestic banking health.Sep 23