THE Indonesian government is cornered by oil prices. Russia’s invasion of Ukraine, still with no end in sight, makes oil prices keep jolting. After going down to US$98 per barrel at the start of the week, Brent oil prices, which are the international benchmark, once again jumped to above US$111 on Friday, April 15. 

Oil export revenue is a crucial ‘ammunition’ for Russia to finance its war. Russia is the third-larges