Today's Top 3 News: Rupiah Could Weaken to 20,000 per Dollar, Countries Allowed to Pass Through Strait of Hormuz

4 hours ago 8

March 30, 2026 | 05:40 pm

TEMPO.CO, Jakarta - Tempo English compiled the top 3 news on Monday, March 30, 2026. Here are the highlights: Why the Indonesian Rupiah Could Weaken to 20,000 per Dollar; List of Countries Allowed by Iran to Pass Through Strait of Hormuz; and Palm Sunday Mass: Pope Leo Condemns Using God to Justify War.

The following is the list of the top 3 news on Tempo English today:

1. Why the Indonesian Rupiah Could Weaken to 20,000 per Dollar

Political Economy and Policy Studies (PEPS) has warned that Indonesia’s rupiah is increasingly vulnerable amid rising global geopolitical tensions, particularly the conflict in Iran.

Anthony Budiawan, Managing Director of PEPS, said the possibility of the rupiah weakening to around Rp20,000 per US dollar is no longer hypothetical but grounded in historical patterns.

“Indonesia has been lulled by the narrative that Indonesia's economy is strong, with large foreign exchange reserves exceeding US$150 billion,” Anthony said in a written statement on Monday, March 23, 2026.

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2. List of Countries Allowed by Iran to Pass Through Strait of Hormuz

The United States (US) and Israel's attack on Iran on February 28, 2026, has severely damaged various public facilities in Iran, claiming thousands of lives and the death of Iran's Supreme Leader Ayatollah Ali Khamenei. In retaliation, Iran launched attacks on several US military facilities in the Brat Asian (Middle Eastern) countries and restricted passage through the Strait of Hormuz.

The escalation of tension around Iran has also led to a de facto blockade of the Strait of Hormuz, which is a major route for oil and liquefied natural gas shipments from the Persian Gulf countries to the global market.

This blockade has affected the level of oil export and production in the region. As a result, fuel prices have increased in most countries around the world.

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3. Palm Sunday Mass: Pope Leo Condemns Using God to Justify War

Pope Leo XIV on Sunday rejected claims that God justifies war during a Palm Sunday Mass, as the Iran war entered its second month.

Addressing tens of thousands gathered in St. Peter's Square, the pontiff emphasized that Jesus must not be used to legitimize any form of warfare.

"Brothers and sisters, this is our God: Jesus, King of Peace, who rejects war, whom no one can use to justify war," Leo said.

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