Rupiah Weakens to Rp 18,090 per US Dollar Amid Middle East Tensions

The Indonesian Rupiah experienced a decline on Monday morning, July 13, 2026, weakening by 25 points or 0.14% to trade at Rp 18,090 against the US Dollar. This marks a shift from its previous closing level of Rp 18,065 per US Dollar.

According to Lukman Leong, an analyst at Doo Financial Futures, the Rupiah's depreciation is primarily driven by escalating geopolitical tensions in the Middle East. These tensions have led to a significant increase in global crude oil prices, negatively impacting emerging market currencies like the Rupiah.

Regional tensions have intensified recently, marked by reciprocal attacks between United States and Iranian forces. Iran reported launching attacks on several U.S. military sites across Kuwait, Bahrain, Qatar, Jordan, and Oman in retaliation for U.S. strikes on targets within Iran. Subsequently, the U.S. conducted further strikes in southern Iran early Monday morning, with Iranian state television reporting explosions in several locations.

Adding to the pressure on the Rupiah are upcoming key U.S. economic data releases, including June inflation figures. While inflation is expected to decrease month-on-month and year-on-year, the overall market sentiment remains cautious due to the geopolitical instability. Based on these factors, the Rupiah is forecasted to fluctuate within the range of Rp 18,000 to Rp 18,150 against the US Dollar in the near term.

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The Rupiah is expected to weaken against the US Dollar amid rising geopolitical tensions in the Middle East, which are causing a surge in global crude oil prices.