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Indonesian rupiah hits record low as Strait of Hormuz closure spikes oil prices
Source: Buzz FX / 17 Apr 2026 00:05:29 America/New_York
The Indonesian rupiah has depreciated to a record low of 17,190 per USD, driven by the closure of the Strait of Hormuz. This chokepoint for global oil trade has spiked oil prices, hitting net oil importer Indonesia hard.
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