Iran, Israel
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The potential for rupiah weakening is influenced by various factors such as the conflict between Iran and Israel, as well as the upcoming Federal Reserve meeting.
The escalating conflict between Israel and Iran has already led to a spike in oil prices, and experts say it could result in higher inflation for UK borrowers the longer it continues
The ongoing Israel-Iran conflict could trigger global instability, spike oil prices, disrupt trade routes, increase inflation, and strain diplomatic relations, forcing countries like India into comple
Concerns remain over potential closing of the Strait of Hormuz; continued escalation could hit crude oil, global trade