Indonesia is set to boost its crude oil imports from the United States as the ongoing U.S.-Israel conflict with Iran disrupts supplies from the Middle East. Energy Minister Bahlil Lahadalia stated that approximately 20-25% of Indonesia's crude oil imports transit through the Strait of Hormuz, a crucial shipping route now impacted by the conflict. To ensure a stable supply, Indonesia will redirect some of its crude oil purchases from the Middle East to the U.S., as the country currently has enough crude oil reserves for three weeks.
BUSINESSLast Update 18h ago
Indonesia Increases US Crude Oil Imports Amid Middle East War
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Amid escalating conflict in the Middle East, Indonesia plans to increase crude oil imports from the U.S. to replace disrupted supplies from the region. Energy Minister Bahlil Lahadalia noted that 20-25% of Indonesia's crude imports come from the Middle East, which is now affected by war.
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