Strait of Hormuz Still Beating: Iran's Tariff Not Cancelled, Indonesia's Fuel Prices on the Brink of Surge
The United States has not guaranteed that Iran will stop collecting tariffs in the Strait of Hormuz after the 60-day transition period ends. This uncertainty threatens Indonesia — which imports 600,000 barrels of crude oil daily through the strait — with rising fuel and LPG prices, inflation, and pressure on consumer purchasing power.
