Indonesia faces fiscal squeeze as Iran war drives up oil prices

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Source: South China Morning Post
Published: 2026-03-06 19:03 UTC+10:00
Section: Bahlil Lahadalia
Factuality Score: 92
Opinion Category: Neutral
Topics: Transport, Middle East, Military & Defence, Iran, Energy, Financial Markets, Tax & Budget, War & Conflict, Asia Pacific
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Snippet:
Higher oil prices would mean bigger fuel subsidies, piling on the pressure on a budget that is already under investor scrutiny
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