RRI.CO.ID, Jakarta - World oil prices fell, with West Texas Intermediate (WTI) crude, the US benchmark, at $88 per barrel, and Brent crude at about $92 per barrel. Prices dropped after hitting $113 per barrel last session, as US President Donald Trump said a war with Iran could end soon.

Gold prices rose following the news, trading at $5,133 per troy ounce, or roughly 2.8 million Indonesian rupiah per gram. Gold has been stable recently after fears of stagflation due to previous oil price spikes.

Speculation about delaying interest rate cuts has eased, although markets remain cautious about rising tensions between Iran and the US/Israel. Investors are watching global risks closely.

The Indonesian rupiah strengthened to 16,860 per US Dollar on Tuesday morning, 10 March 2026 . Weakening US financial indicators are supporting the rupiah’s gains.

The US Dollar Index fell to 98.73, and US 10-year Treasury yields dropped to about 4.113%. These moves bolster emerging market currencies today.

Indonesia’s stock market (IHSG) opened higher at 7,443 ahead of domestic retail sales data. Market sentiment is cautiously optimistic.

Even with key economic releases, attention remains on the Middle East. Indonesian markets are likely to follow broader Asian market trends today.

Writer: Gunawan Benjamin (Economist, Islamic University of North Sumatra)