US unfreezes Rp 214 trillion in Iranian assets & rejects maritime tariffs
The United States has agreed to unfreeze Iranian funds amounting to Rp 214 trillion after technical negotiations in Switzerland concluded. At the same time, the US strongly rejects plans for tariff levies in the Strait of Hormuz, which could potentially disrupt global oil prices, while the US Senate has begun limiting war powers against Iran.
The potential increase in logistics costs and global energy prices could be dampened after the United States rejected tariff levies by Iran in the Strait of Hormuz. The Strait of Hormuz is a vital shipping lane in the Middle East that serves as the primary route for the world's crude oil supply. US Secretary of State Marco Rubio emphasized that Washington will not accept additional fees for passing vessels in order to maintain the smooth flow of international trade.
Iran claims to have reached an agreement with the US to unfreeze their frozen assets worth US$ 12 billion or approximately Rp 214 trillion. Despite the release of these substantial funds, Iranian President Masoud Pezeshkian stated that he will not stop the ballistic missile program. He reasoned that the missiles are necessary to prevent Iran's fate from ending up like the devastated Gaza region if attacked by Israel or the US.
Concerns over a major war in the Middle East have slightly eased after the US Senate (the upper legislative body) passed a resolution to limit military action against Iran. Additionally, the US now asserts that Israel can no longer act freely in Lebanon by prohibiting the Israeli military from conducting operations in certain areas. These steps were taken to suppress the escalating tensions in the region.
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