Inp.polri.go.id - Jakarta. Coordinating Minister for Economic Affairs Airlangga Hartarto warned on Monday (2/3/2026) that the escalating conflict involving the United States, Israel, and Iran has severely disrupted global oil supplies and driven up energy prices. 

The volatility follows Iran’s strategic closure of the Strait of Hormuz, a critical maritime chokepoint for international petroleum distribution, in retaliation for recent airstrikes.

"The closure of the Strait of Hormuz inevitably compromises global oil supplies, and we must monitor the duration of this military confrontation," Minister Airlangga said, as cited by antaranews.com.

To mitigate domestic shortages, the government has secured alternative import sources from outside the Middle East through state energy company PT Pertamina’s partnerships with American energy giants like Chevron and ExxonMobil. 

While acknowledging that domestic fuel prices typically rise during such geopolitical crises, Minister Airlangga noted that increased production from the U.S. and OPEC nations might help stabilize the market. The ministry continues to assess the impact on logistics and tourism as regional tensions persist.

(mg/inp/pr/rs)