Indonesia weighs response to price pressures from Middle East war

Unlike many of its neighbours, Southeast Asia's biggest economy has not seen long fuel queues as global oil prices have soared, nor have its citizens been subjected to pandemic-style work-from-home measures. But that may change. As Prabowo seeks to raise the economic growth rate from 5.1 percent last year to eight percent by 2029, powered by high public spending, Jakarta has limited options for offsetting the impact of rising oil prices, according to experts. It can either cut fuel subsidies and risk political upheaval...