Inp.polri.go.id - Jakarta. The Rupiah slipped by 22 points to Rp 16,920 per US Dollar on Wednesday morning (25/3/2026), as the continued closure of the Strait of Hormuz fueled global market anxiety and kept oil prices elevated.

"The general sentiment remains 'risk-off' as the Strait of Hormuz remains closed and investors stay cautious while monitoring developments," said currency analyst Lukman Leong from Doo Financial Futures, as cited by antaranews.com.

The blockade, triggered by ongoing military operations involving the U.S., Israel, and Iran, has severely disrupted the primary transit artery for global oil and liquefied natural gas. While WTI crude currently trades at $88 per barrel and Brent at $98, market volatility persists despite conflicting reports of a potential de-escalation. 

Although U.S. President Donald Trump suggested a temporary pause in strikes following "productive" talks, Iranian Parliament Speaker Mohammad Bagher Ghalibaf dismissed such claims as "fake news" aimed at market manipulation, maintaining a firm stance on military objectives.

(mg/inp/pr/rs)