RRI.CO.ID, Jakarta - Asian markets kicked off with buoyancy on Wednesday, 25 March 2026. Investors rallied swiftly after Donald Trump suggested a possible direct dialogue between the United States and Iran.

Even though Iran denied the claim, markets did not wait for confirmation. The mere possibility of easing tensions was enough to lift sentiment across the region.

Oil prices fell sharply as fears of prolonged conflict began to fade. WTI crude oil dropped to around $87 per barrel, while Brent crude oil hovered near $97.

This decline in oil provided a tailwind to Asian equities. Lower energy costs often signal relief for businesses and consumers, which is why stocks responded positively.

In Indonesia, IHSG opened lower at 7,084 after the long holiday break. However, the index quickly rebounded resiliently and climbed into the green.

The Indonesian Rupiah also strengthened to around 16,910 per US dollar. This rebound signals easing risk aversion in the market after earlier concerns about escalating conflict.

At the same time, Gold continued to rise, reaching about $4,590 per troy ounce. Investors are still maintaining some caution, keeping safe-haven assets in demand.

Overall, falling oil prices may help ease inflation pressures going forward. This could open the door for potential interest rate cuts in 2026, giving markets even more reason to further fuel upside potential.

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