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Not Just a War Problem

Monday, April 13, 2026

Markets are not rattled by war alone—they’re losing faith. When yields are managed, the pressure shifts to the rupiah.

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Illustration: Tempo/Lukmannul Hakim. tempo : 177852332877.

THE ceasefire struck last week between the United States, Israel and Iran has proved fragile. Rather than offering investors a calming pause, it has instead left global markets lurching, underscoring how little confidence traders place in the durability of the truce.

Volatility returned after Israel resumed strikes on Lebanon. Viewing the move as a breach of the agreement, Iran tightened—and could yet shut—shipping through the Strait

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Yopie Hidayat

weekly economic review Iran-Israel war Global financial market government securities weekly economic review
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