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    Govt. Considered Subsidized Fuel Price Hike if Oil Prices Continue to Rise

    Perusahaan

    Daily News

    Terbit Pada

    09 March 2026 - 08.02am
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    Govt. Considered Subsidized Fuel Price Hike if Oil Prices Continue to Rise

    Lihat

    Terakhir diperbarui: 15-04-2026, 06:36

    MACROECONOMY 
    Israeli Strikes Hit Iran Oil Facilities as War Enters Day 9 
    Israeli airstrikes targeted multiple oil facilities in Tehran and Alborz on 08-Mar-26, including storage depots and a refinery, marking the first direct attacks on Iran’s oil infrastructure since the war began. The strikes triggered large fires and killed at least four tanker drivers, though authorities said fuel distribution remains unaffected. The escalation comes as the US-Israel conflict with Iran entered its ninth day, with total casualties exceeding 1,300 in Iran and about 300 in Lebanon. (Al Jazeera) 

    The United Arab Emirates (UAE) Followed Kuwait in Cutting Oil Production After Strait of Hormuz Disruption 
    UAE joined Kuwait in reducing oil production after tanker traffic through the Strait of Hormuz was severely disrupted amid escalating conflict in the Middle East. The cut was taken as a precautionary measure as export shipments slowed and regional oil storage capacity began filling up, forcing producers to adjust output. Kuwait had earlier reduced both crude production and refinery operations, citing security threats to shipping in the strait, which handles around 20% of global oil and LNG supply. The disruption is raising concerns over global energy supply stability and further oil price volatility. (Bisnis.com)

    INDUSTRY 
    Aluminium Prices Surged, Potentially Pressuring Automotive to FMCG Industries Global aluminium prices surged around 10% YTD, reaching USD 3,296/ton and rising further to about USD 3,337/ton, driven by supply concerns following escalating geopolitical tensions in the Middle East that disrupted logistics and production in several Gulf producers. The increase may pressure margins across industries heavily reliant on aluminium, including automotive, EV manufacturing, aerospace, FMCG packaging, and construction, as the metal is widely used in vehicle components, aircraft structures, beverage cans, and building materials. If prices remain above USD 3,200/ton, manufacturers may start passing higher costs to consumers in the coming quarters, potentially lifting prices of products such as canned beverages and vehicle components. (Kontan)