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Global markets face volatility as oil prices rise and currencies weaken
Global financial markets are experiencing volatility driven by rising energy prices and geopolitical uncertainty. Brent crude oil has climbed back above $100 per barrel, fueled by ongoing tensions between Iran and the United States. While Iran has expressed openness to diplomacy regarding the lifting of maritime blockades and the reopening of the Strait of Hormuz, political friction remains high, impacting global energy supply expectations.
In Southeast Asia, the Indonesian rupiah has faced significant downward pressure, trading near Rp17,900 per US dollar. This depreciation is attributed to a strengthening US dollar, driven by market expectations of further interest rate hikes by the US Federal Reserve. In response, Bank Indonesia has maintained its benchmark BI-Rate at 5.75% to ensure exchange rate stability and manage inflation.
Simultaneously, the Indian rupee has also weakened, falling to approximately 95.96 against the US dollar due to surging crude oil costs and rising US bond yields. US 10-year Treasury yields have reached levels not seen since 2007, reflecting broader global shifts in investor sentiment toward risk aversion and higher interest rate environments.
Entities
Bank Indonesia · Federal Reserve · Ibrahim Assuaibi · India · Indonesia · Indonesian rupiah · Iran · Ringgit · Rupiah · Suahasil Nazara · US Dollar Index · US dollar
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 2 SOURCES] Bank Indonesia maintained the BI-Rate at 5.75% during its September 2026 meeting. www.liputan6.com · www.viva.co.id
- [● 8 SOURCES] Brent crude oil prices fluctuated around the $102 to $103 per barrel range. www.jawapos.com · www.rri.co.id · www.antaranews.com · katadata.co.id · www.dimokratia.gr · +2 more
- [● 3 SOURCES] The Indonesian rupiah weakened to approximately Rp17,902 per US dollar during early trading on September 24, 2026. www.rri.co.id · www.cnbcindonesia.com · www.medcom.id
- [○ 1 SOURCE] The weakening of the rupiah is influenced by United States monetary policy.
- [● 5 SOURCES] Diplomatic tensions persist between Iran and the United States regarding conflict resolution. www.jawapos.com · ekbis.sindonews.com · katadata.co.id · www.dimokratia.gr · thesentimes.com
- [○ 1 SOURCE] The Indian rupee fell to 95.96 against the US dollar. www.news18.com
- [● 4 SOURCES] Expectations of further US Federal Reserve interest rate hikes have strengthened the US dollar. www.rri.co.id · www.antaranews.com · www.news18.com · thesentimes.com
- [● 2 SOURCES] The deposit facility rate was set at 4.75% and the lending facility rate at 6.50%. www.liputan6.com · www.viva.co.id
- [○ 1 SOURCE] US 10-year Treasury yields rose to 5.11%.