RRI.CO.ID, Jakarta - Asian markets mostly opened higher today, 14 April 2026, despite the United States' blockade of the Strait of Hormuz. Investors appear to be overlooking the immediate geopolitical risks for now.
Global markets still anticipate a potential diplomatic breakthrough between the US and Iran. The US Vice President claimed the blockade has already put significant pressure on Tehran.
Washington is currently urging Iran to accept a proposed peace settlement to end the standoff. However, Iran remains defiant, stating they will not yield to external threats.
| Baca juga: Oil Prices Rise, Rupiah Nears 18,100 |
Global crude oil prices eased to $96 per barrel during morning trade. This decline suggests that traders might be betting on a de-escalation of the conflict.
The Jakarta Composite Index (IHSG) climbed to 7,603 at the opening bell. This local rally mirrors the positive sentiment seen across most Asian exchanges.
Conversely, the Rupiah weakened further to a low of 17,115 per US Dollar. The currency struggled even as the US Dollar Index dipped to 98.3.
Gold prices surged to $4,775 per troy ounce, driven by its status as a safe-haven asset. This equates to roughly 2.64 million Rupiah per gram in the local market.
Market volatility remains high as the situation in the Strait of Hormuz evolves. Investors should expect continued fluctuations depending on the next geopolitical developments.
Writer: Gunawan Benjamin (Economist, Islamic University of North Sumatra)
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